One of the most amazing facts about Airbnb is that, despite being more valuable than any hotel chain in the world, it has no physical inventory. The company provides branding, online infrastructure, a booking platform, and a quality control system — but all of its properties and rooms belong to other people. The fact that Airbnb has seen such astronomical growth and valuation without owning a single building makes you wonder how this business model wasn’t exploited sooner.Read More
It’s been almost ten years since AirBnB was founded by two San Francisco residents who couldn’t afford the rent. The idea was to put an air mattress in their living room and rent the space to short term travelers. Now, the company is more valuable than any hotel chain on the planet. The idea of “living like a local” is a powerful narrative that has captured a significant piece of the global hospitality market, and to say that the founders are eating well is something of an understatement.Read More
AirBnb has been one of the great success stories — perhaps the single greatest — of the hospitality industry in recent years. Countless blogs, business journals and news programs have sung its praises whilst many conference hours and many column centimetres have been devoted to demonizing its impact on the hotel industry.