5 charts that explain Airbnb's rise and impact on the travel industry - Business Insider

The company has also become more popular with professional property management companies as it has expanded into business travel. As short-term rental management has become an industry of its own, Airbnb has faced criticism from some who argue that its properties are essentially unregulated hotels and that the companyAirbnb has shaped the rental industry. Here are five charts that help explain its rise and impact on the way we travel.

But it also shows how Airbnb has become more valuable for users as the platform has grown: As more hosts list their properties, guests have had more options to choose from, and as more guests book rentals through Airbnb, hosts can advertise their listings to a bigger audience.Ruobing Su/Business Insider

Airbnb's original pitch sounded more like couchsurfing: a way for local residents to make some extra cash by renting out otherwise idle rooms or beds in their homes.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airbnb reportedly lost money in 2019, possibly impacting IPO plans - Business InsiderThe Wall Street Journal reported that Airbnb lost $322 million, which could worry investors wary of IPOs from money-losing businesses. Welcome to the club. Many unicorns see other unicorns do well and try to jump on. It’s not so easy They don’t have a good business model. On multiple occasions I’ve had my reservations cancelled by the owners. Once the day before we arrived. I will never use Airbnb again.
Source: BusinessInsider - 🏆 729. / 51 Read more »