About Airbnb

Airbnb, founded in 2008, has grown to become a leading online marketplace for short-term rentals. The platform operates in more than 220 countries, covering over 100,000 cities worldwide and servicing over 150 million users

The platform hosts around 6 million active listings, with over 4 million hosts providing these accommodations. A significant portion of these hosts are individuals rather than professional property managers, with the average host earning approximately $13,800 annually from renting out their space. Among these hosts, over 900,000 are designated as "Superhosts," a status awarded to those who maintain high ratings and consistent service quality.

Airbnb has served more than 1 billion guest arrivals since it was founded, with the average stay being around 4.3 nights. The platform has also seen a shift in booking patterns, with a notable increase in longer-term stays of 28 days or more, driven by trends such as remote work and digital nomadism. Additionally, about 30% of Airbnb’s bookings are from repeat customers, indicating strong customer loyalty.

To diversify its offerings and enhance the user experience, Airbnb has expanded beyond just accommodations. The platform offers over 40,000 unique experiences hosted by local experts, ranging from cooking classes to guided tours and adventure activities. Airbnb has also introduced new features like Airbnb Plus, a collection of high-quality homes verified in person, and Airbnb Luxe, which caters to the luxury market.

In the competitive landscape, Airbnb distinguishes itself from traditional hotels and other online travel agencies (OTAs) like Booking.com, Vrbo, and Expedia by focusing on unique and non-hotel accommodations. This strategic positioning has allowed Airbnb to capture a significant market share in the vacation rental market, estimated to be around 20-25% globally.

Overall, Airbnb's growth trajectory, financial performance, and continuous innovation underscore its position as a key player in the global hospitality and travel industry. The company's focus on unique accommodations and experiences has enabled it to carve out a distinctive niche in the market, attracting a wide range of traveler's seeking diverse and personalised stays.