There were 6.Unforgettable travel experiences start with Airbnb. In 2022, 393 million bookings were made on Airbnb, a 31% increase on 2021. Airbnb has 200 million users, though that number has not been updated since 2020. Airbnb generated $8.3 billion in revenue in 2022, a 40% year-on-year increase. We’ve collected data and statistics on Airbnb. By the middle of 2021, it was reporting activity on level with pre-pandemic levels, and 2022 saw it surpass 2019 figures in booking volume and usage. To keep hosts on the platform, Airbnb 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. At the pandemic peak, new bookings were down 85 percent, although app usage has gradually increased as countries have relaxed travel restrictions. Even with these acquisitions, it is still considered a rather “light” asset company in comparison to its main rivals, Expedia and .Īirbnb was one of the hardest hit platforms by the COVID-19. 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. Let us help you elevate your growth game today! Start Your FREE Growth AuditĪs it expanded, Airbnb has faced persistent opposition from several major cities, due to a perceived increase in the cost of rent for locals. Moburst creates category leaders and is the powerhouse behind the giants like Google, Reddit, and Uber. 
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