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Airbnb is Worth $31 Billion

Airbnb is Worth $31 Billion

Airbnb is a home-sharing startup. That doesn’t sound too impressive, yet it is worth $31 billion. It raised more than a billion dollars in the latest round of fundraising. $448 million was recently collected, and $555 million was raised last year. Since its founding in 2008, Airbnb raised $3 billion.

The latest feature offered by Airbnb is restaurant booking. They are also looking into event scheduling and hosting services, which businesses can pay for. Airbnb’s plan is to cater to every aspect of a trip. It’s one of the largest venture-backed startups, trailing Uber, which is estimated to be worth $68 billion.

Source: Phys.org

Here’s some of the stats from Airbnb:

  • 3,000,000 listings worldwide
  • 191 countries
  • 65,000 cities
  • 1,400 castles
  • 150,000,000 guests

Wikipedia offers a definition of home exchange:

Home exchange, also known as house swapping, is a type of hospitality service in which two parties agree to offer each other homestays (lodging in each other’s homes) for a set period of time. Since no monetary exchange takes place, it is a form of barter, collaborative consumption, and sharing. Home exchange can cover any type of dwelling including apartments, houses, holiday cottages, boats, or recreational vehicles. It can include an exchange of the entire home or just a room. The length of the swap can vary from a weekend to a year or more. The swap can be simultaneous or non simultaneous.

Travel technology has improved over the past couple of years. One piece of technology that could become mainstream is smart glasses. While traveling, you would receive information on a display right in front of your eyes. This would be helpful when wandering through the streets of a foreign city.

Airbnb is Worth $31 Billion
About Vasanth Simon (916 Articles)
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