Airbnb Summary

Topics: 2008, Mattress, Time, Attention / Pages: 1 (386 words) / Published: Mar 29th, 2015
Airbnb Summary
By Team DAMBAM

Within our article “sharing economy” reshaping markets chosen by our group members, we slowly branched off into different sections to see what we could make from or discover from this article. An interesting company by the name Airbnb caught our eye and gained our attention immediately due to the fact that its purpose fits perfectly into our discussion.
Airbnb was founded in August 2008 by Brian Chesky and Joe Gebbia. The two moved to San Francisco in 2007 and created an initial concept of AirBed and Breakfast during an industrial design conference. The two roommates who were not able to pay the rent for their loft had decided to rent it out to three guests providing them with air mattresses and homemade breakfast. In February 2008, Harvard graduate Nathan Blecharczyk joined the duo and later that year in August 2008 AirBed and Breakfast was created. Later on in early 2009 AirBed and Breakfast was shortened to Airbnb.
Airbnb is basically a website that rents out lodging to those in need of a place to stay for a short or long period of time. Lodging is a term for offering those who travel a great amount a place for shelter, rest, safety and storage. All possibilities and accommodations and more can be found on airbnb.com and they now offer over 1 million listings, in over 34thousand cities, and across 195 countries.
After researching and looking up what the main purpose and why Airbnb was created was fairly simple. The top reasons located on quora.com basically indicated that Airbnb was manufactured to create and develop friendships with others across the world, for the hosts to make and travelers to save money, and to provide those traveling to different areas knowledge about the specific city or perhaps country that they are in.
Airbnb has an ongoing list of competitors in the sharing economy market. They strive and succeed for having the most listings of any of their competitors. Airbnb is also one of the few that offer a

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