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 lost by a landslide in Jersey City. What went wrong?

Airbnb lost by a landslide in Jersey City. What went wrong?

On Tuesday night, as polls neared closing in a referendum on short-term rentals in Jersey City, Airbnb fired off...

Airbnb lost by a landslide in Jersey City. What went wrong?
Results are in from Jersey City Airbnb referendum

Airbnb deflated as Jersey City voters tighten rental rules

Jersey City voters’ reviews of Airbnb are in, and the startup did not make the grade. In a closely...

Airbnb deflated as Jersey City voters tighten rental rules
Airbnb CEO Brian Chesky and Jersey City Mayor Steve Fulop (Credit: Twitter, iStock, Airbnb)

Stakes are high as Jersey City residents vote on Airbnb

After a fraught campaign in which both Airbnb and the hotel lobby were accused of underhanded tactics, Jersey City...

Stakes are high as Jersey City residents vote on Airbnb
Vacasa CEO Eric Breon (Credit: Vacasa)

Vacation rental startup Vacasa valued at $1B after new funding

On the heels of buying its biggest competitor, vacation rental startup Vacasa has raised $319 million, valuing the company...

Vacation rental startup Vacasa valued at $1B after new funding
SoftBank taps former Sprint CEO to fix WeWork, this borough could house Trump’s presidential library: Daily Digest

SoftBank taps former Sprint CEO to fix WeWork, this borough could house Trump’s presidential library: Daily Digest

Every day, The Real Deal rounds up New York’s biggest real estate news, from breaking news and scoops to announcements and deals. We update...

SoftBank taps former Sprint CEO to fix WeWork, this borough could house Trump’s presidential library: Daily Digest
Fisher Brothers' Winston Fisher and 55 East 52nd Street (Credit: Getty Images)

Airbnb investor takes more pricey office space on Park Avenue

A private equity firm that’s one of the backers behind Airbnb is taking some more pricey office space on...

Airbnb investor takes more pricey office space on Park Avenue
From left: Mayor Bill de Blasio, 54 West 39th Street, 62 Grand Street, and 208 West 30th Street (Credit: Google Maps)

The Airbnb crackdown continues: City targets three more buildings

The city’s crackdown on Airbnb has claimed three more Manhattan buildings. The city hit the trio of buildings and...

The Airbnb crackdown continues: City targets three more buildings
Sonder CEO Francis Davidson and 20 Broad Street

Airbnb competitor Sonder says after new funding round it’s now worth $1B

A hotel-room-style listing startup just obtained unicorn status. Sonder, a San Francisco-based startup with a platform that leases apartments...

Airbnb competitor Sonder says after new funding round it’s now worth $1B
Mayor Bill de Blasio and Stanley “Skip” Karol, an Airbnb host (Credit: Getty Images and Youtube)

Airbnb host narrowly clears hurdle in First Amendment claim against city

A Brooklyn Airbnb host who claimed he was unfairly targeted by the city in retaliation for his advocacy will...

Airbnb host narrowly clears hurdle in First Amendment claim against city
Even with $155M in price cuts, this is still the most expensive home listing in LA

Even with $155M in price cuts, this is still the most expensive home listing in LA

The massive Bel Air estate of late media mogul Jerrold Perenchio just got another deep discount. Once a $350...

Even with $155M in price cuts, this is still the most expensive home listing in LA
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