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

Brian Chesky (Credit: Richard Bord/Getty Images)

Airbnb announces relief package. Some hosts say it’s not enough

Once again, Airbnb is in damage control. After facing backlash from hosts for changing its cancellation policy in response...

Airbnb announces relief package. Some hosts say it’s not enough
Airbnb CEO Brian Chesky (Photo by Bryan Bedder/Getty Images for Airbnb)

Airbnb suspends marketing, cuts executive pay in half

Airbnb has suspended all of its marketing in an attempt to save $800 million this year. Its founders will...

Airbnb suspends marketing, cuts executive pay in half
Data show where people are looking for Airbnbs, and where they are fleeing, as #COVID19 spreads across the US (Credit: AirDNA)

Escaping Covid-19: Here’s where people are fleeing — and avoiding

Where would you rather be holed up, in a Manhattan apartment or a country home? If it’s the latter,...

Escaping Covid-19: Here’s where people are fleeing — and avoiding
Lyric’s Andrew Kitchell and Joe Fraiman

Another bloodbath: Lyric to slash jobs, drop units

Lyric, the Airbnb-backed hospitality startup, is drastically downsizing — just a month after laying off 20 percent of its...

Another bloodbath: Lyric to slash jobs, drop units
Sonder CEO Francis Davidson (Credit: Linkedin, iStock)

Hospitality startup Sonder slashes workforce

With travel at a standstill, venture-backed hospitality company Sonder has cut one-third of its staff. The San Francisco-based company...

Hospitality startup Sonder slashes workforce
Airbnb CEO Brian Chesky (Photo by Mike Cohen/Getty Images for The New York Times)

Airbnb calls for federal aid as hosts voice anger over policy changes

Airbnb’s business model relies on making both hosts and guests happy, but the startup is facing pushback from both...

Airbnb calls for federal aid as hosts voice anger over policy changes
Airbnb CEO Brian Chesky and a Unique Airbnb Fund home (Credit: Airbnb)

Airbnb launches $1M competition to find unconventional rentals

Airbnb wants to find the “most unconventional and unusual livable spaces on the planet,” and it’s willing to pay...

Airbnb launches $1M competition to find unconventional rentals
Brian Chesky (Credit: Mike Cohen/Getty Images for The New York Times, iStock)

Virus outbreak has cost Airbnb tens of millions of dollars so far

Airbnb has lost tens of millions of dollars in booking revenues over the past several weeks in key cities...

Virus outbreak has cost Airbnb tens of millions of dollars so far
Coronavirus hits seasonal Coachella Valley tourist economy hard

Coronavirus hits seasonal Coachella Valley tourist economy hard

The coronavirus harms much of the Southern California economy, but few areas as acutely as the Coachella Valley where...

Coronavirus hits seasonal Coachella Valley tourist economy hard
Lyric's Andrew Kitchell and Joe Fraiman (Credit: iStock)

Airbnb-backed Lyric lays off 20% of staff

Lyric, the Airbnb-backed hospitality startup that caters to business travelers, has laid off nearly 20 percent of its staff, The Real Deal has learned. The San Francisco-based company, which partners with multifamily landlords to...

Airbnb-backed Lyric lays off 20% of staff
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