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Since its founding in 2007, Airbnb usership has expanded to over 220 countries as part of the “sharing economy.”

Over 4 million hosts have 6 million listings on Airbnb.įor further context, see our report on the Vacation Rental Industry.

hosts say they rent out their primary home while they’re on vacation.

The average host earned $13,800 in 2021.

Airbnb is valued at over $70 billion as of August 2022, down 34.3% since the start of the year.

Corporate revenue for the second quarter of 2022 totaled $2.104 billion.

Airbnb statistics indicate the travel booking site has recovered from the losses of 2020 with a 280.2% increase in net income in 2021. We’ve collected data and statistics on Airbnb. To keep hosts on the platform, Airbnb recently launched monthly stays, similar to a normal rental service, but without the usual yearly rental agreement.Īirbnb planned to IPO in early 2020, but with the pandemic it delayed its public launch until December 2020. Many Airbnb hosts in major cities switched to long-term rentals as the short-term market collapsed in March, as a way to maintain a steady (if lower) income.

Even with these acquisitions, it is still considered a rather “light” asset company in comparison to its main rivals, Expedia and .Īirbnb has been one of the hardest hit platforms by the COVID-19. At the pandemic peak, new bookings were down 85 percent, although app usage has gradually increased as countries have relaxed travel restrictions. It acquired Luxury Retreats in 2017 for $200 million, followed by a $400 million acquisition of HotelTonight in 2019. The company planned to launch an airline, although with the coronavirus pandemic those plans have been delayed indefinitely.įor the past three years, Airbnb has consolidated its position in the market. In 2016, Airbnb expanded its service to include experiences, in which a host could offer tours or tickets to events through the app. Barcelona, Amsterdam, Paris, Venice and San Francisco, amongst others, have enacted regulations specifically targeted at the short-term rental market Airbnb popularized.

As it expanded, Airbnb has faced persistent opposition from several major cities, due to a perceived increase in the cost of rent for locals.