The San Francisco-based home sharing company said US guests under age 25 with fewer than three positive Airbnb reviews won’t be allowed to book entire homes close to where they live. Airbnb wouldn’t reveal how it defines what is “close.”
Virus hotspot Sao Paulo is the first destination in Latin America chosen by Airbnb as part of a global push to revive its business as authorities ease coronavirus-related restrictions on tourism.
In India, 51 percent of the company's business comprises domestic bookings. In addition, search trends and wishlists by its users in India indicate that long lockdown has only piqued interest in and aspirations to travel, once the lockdown is eased, Airbnb said in a statement.
The Associated Press spoke with Chesky about Airbnb and the future of travel. Answers have been edited for length.
Adding that people will become digital nomads, Chesky said his home-sharing company will focus more on longer-term stays once the virus is contained.
“Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019,” founder Brian Chesky said in a memo to employees.
Airbnb on Monday announced it was taking a billion dollars in new investment to endure and, it hopes, thrive in a travel world transformed by the coronavirus pandemic.
The announcement is a blow to startups, as the US-based seed accelerator has increased its focus on India.
Softbank-invested WeWork’s IPO hit a bump due to valuations that seemed too high. A share buy-back by founder helped Oyo’s valuation jump three-fold within a year.
Earlier this week, Airbnb said that it took in more than $1 billion in revenue for the second quarter of 2019.
Airbnb hosts collectively earned almost $28 million (over Rs 190 crore) and welcomed approximately 800,000 guests in 2018, the company said in a statement.
Oyo’s American dream comes with a host of challenges despite the Indian unicorn being able to leverage on investor Airbnb’s home expertise
As a result of the new law, Airbnb listings collapsed from the 62,000 online prior to the change, leaving travellers without accommodation at short notice.
By pouring in $200 million to fuel its competitor Oyo's fire, Airbnb gets a better hold in India and China -- two markets where Airbnb has had limited luck.
OYO has now raised more than $1.7 billion from investors to date, including this new capital.
Airbnb also runs a program called Self Employed Women’s Association (SEWA) under which 2 million rural Indian women are employed
The company, which commenced operations in India in 2016, currently has 45,000 listings on its platform.
Tapping into travelers who are mostly C-suites by profession, Amit Damani, Co-Founder of Vista Rooms has focused only on premium villas to create his definition of alternative to hotels for a better travel experience
Palestinians who want to establish an independent state taking in the West Bank have welcomed Airbnb's move.
Winners could have spent a night in a renovated section of the UNESCO-listed world heritage site
Airbnb is also offering an “in person preparedness training and recruitment events” for hosts and spearheading streamlining of protocols for communicating with local authorities to match up the donated space with those who need it.
Apart from NEC and NETDC, MoUs have also been signed with North East Rural Livelihood Project (NERLP) and North Eastern Region Community Resource Management Society (NERCRMS), Airbnb said in a statement.
More and more people are holidaying like their favourite stars, putting up at places they’ve opted to stay in.
San Francisco-based Airbnb, a service where homeowners and renters can post their house, room or apartment for rent, had been on a list of anticipated initial public offerings this year.
Lately, the social media team of Airbnb and its CEO Brian Chesky have started tweeting about the destination which Trump said to have badmouthed