Airbnb

Airbnb

Image courtesy of Airbnb

About: Airbnb is a website that brokers lodging. It allows those with homes, rooms, or apartments to offer these spaces to tourists or those looking for temporary housing. It facilitates this transaction for customers although it does not own or manage any of the properties it advertises.

Headquarters: San Francisco California

Founded in: 2008

Founded by: Brian Chesky, Joe Gebbia, and Nathan Blecharczyk

Airbnb Q&A

Where does Airbnb operate?
Airbnb was founded in 2008 in San Francisco by roommates struggling to make rent. The founders received venture funding which allowed them to grow their platform. The nature of the site allows "hosts" to rent out apartments, houses, or rooms by posting pictures of the space and writing a description, which makes the format usable nearly everywhere. Airbnbs are now available on six continents. They have a number of international offices.
What is Airbnb known for?
Airbnb gained interest from venture capitalists in the winter of 2009, when startup incubator Y Combinator provided $20,000 in exchange for a small interest share. They received seed money from Sequoia Capital in April of that year, and have since raised more than $3B in funding. It has experienced several controversies, which range from negative guest and host experiences to discrimination to criticism that it has decreased housing affordability.
Why is Airbnb significant to the real estate industry?
Since it can be used as an alternative to hotel stays, Airbnb has affected the hotel industry. Accusations that Airbnb's presence in a neighborhood increases average rents caused controversy for the company and the real estate industry and indicate that it has also had an affect over the residential market. The company has lobbied against local governments that seek to limit Airbnb's spread in their areas.
Want to learn more about Airbnb?
Check out our Top Stories below for TRD’s most up-to-date coverage of Airbnb.

Airbnb Top Stories

August 19, 2019The city’s crackdown on Airbnb has claimed three more Manhattan buildings.
July 9, 2019A Brooklyn Airbnb host who claimed he was unfairly targeted by the city in retaliation for his advocacy will move forward with a civil rights lawsuit after a U.S. District Court judge dismissed some of his claims but declined to throw out the suit in full.
June 26, 2019On Tuesday, Airbnb announced it was rolling out Airbnb Luxe, a vertical featuring properties that rent for $1,000 or more per night.

The Latest

Airbnb CEO Brian Chesky (Getty, iStock)
National

Where Airbnb lost the most listings during the pandemic

The pandemic wreaked havoc on Airbnb, with the short-term rental company reporting it lost listings in 19 of 20...

Where Airbnb lost the most listings during the pandemic
ReAlpha CEO Giri Devanur (Giri Devanur, iStock)
National

ReAlpha plans to spend $1.5B to buy short-term rental homes

Invigorated by Airbnb’s success, more investors are entering the short-term rental market. Ohio-based asset management company ReAlpha plans to...

ReAlpha plans to spend $1.5B to buy short-term rental homes
Seal Beach’s landmarked water tower house (Compass)
Los Angeles Weekend Edition

Water tower-turned-home on the Pacific offered for $5M

One of Orange County’s most unusual homes is hitting the market. Seal Beach’s landmarked water tower house is asking...

Water tower-turned-home on the Pacific offered for $5M
Airbnb CEO Brian Chesky. (Airbnb, Getty)
National

Airbnb’s losing spree continues with $1B loss in Q1

With travel finally picking up 14 months into a pandemic that has wreaked havoc on the industry, Airbnb may...

Airbnb’s losing spree continues with $1B loss in Q1
Council member Ben Kallos and Airbnb CEO Brian Chesky (Getty, iStock)

City Council bill would tighten screws on Airbnb

Putting a New York City apartment up for rent could get tougher. City Council member Ben Kallos introduced a...

City Council bill would tighten screws on Airbnb
Airbnb CEO Brian Chesky (Getty)
National

Airbnb’s losses balloon to $4.6B in 2020

Despite the luster of its eye-popping IPO, Airbnb reported a $4.6 billion net loss in 2020 in its first earnings report as a public company. The hospitality startup, which is banking on a travel...

Airbnb’s losses balloon to $4.6B in 2020
Barcelona Mayor Ada Colau (Getty, iStock)
National Weekend Edition

Barcelona may tighten rules on short-term rentals…again

The mayor of Barcelona is proposing new restrictions on short-term rentals. Mayor Ada Colau wants to bar the rental...

Barcelona may tighten rules on short-term rentals…again

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