Airbnb

Airbnb, Inc. (Nasdaq: ABNB) is a leading online marketplace for short-term accommodations and experiences. Founded in 2007 by Brian Chesky, Joe Gebbia, and Nathan Blecharczyk, Airbnb has grown from its humble beginnings as an air mattress rental service to become a global platform with over 7.7 million active listings across more than 220 countries and regions as of February 2024.

Airbnb's platform connects hosts offering a wide range of accommodations - from shared rooms to entire homes, apartments, and unique stays like treehouses and castles - with guests looking for alternatives to traditional hotels. The company also offers Airbnb Experiences, allowing hosts to offer activities and tours to travelers. Airbnb's business model relies on service fees charged to both hosts and guests for bookings made through its platform. In 2023, Airbnb reported revenue of USD 9.9 billion, a 19.2% year-over-year increase, and facilitated 448 million bookings, a 13.9% increase from the previous year.

Airbnb has continued to innovate and expand its offerings to meet evolving traveler needs. In 2023, the company introduced Airbnb Rooms, a new category for private room rentals in hosts' homes, aimed at providing more affordable options for budget-conscious travelers. Airbnb has also focused on improving the user experience through initiatives like AirCover for hosts and guests, and implementing stricter policies around parties and gatherings. As the travel industry recovers from the impacts of the Covid-19 pandemic, Airbnb remains committed to adapting its platform to changing travel trends and consumer preferences in the short-term rental market.