In 2007, a cash-strapped Brian Chesky came up with a shrewd way to pay his $1,200 San Francisco apartment rent. He would offer “Air bed and breakfast”, which consisted of three airbeds, breakfast, WiFi and a desk to work, to attendees of the Industrial Design Conference, who needed a place to crash over the weekend.
After an initial period of uncertainty, in which the founders sold Barack Obama and John McCain cereal to sustain the business (seriously), the company received $20,000 in seed funding from Y Combinator and Sequoia Capital. The next year, it ran a Series A round which generated $7.2 million for the startup.
Things moved quickly from there, in May 2011 Airbnb acquired Accoleo, a German clone of the website and launched in Europe. International expansion continued at a rapid pace, reaching South America, Asia and Australia by the end of 2012.
As it expanded, Airbnb has faced persistent opposition from several major cities, due to a perceived increase in the cost of rent for locals. Barcelona, Amsterdam, Paris, Venice and San Francisco, amongst others, have enacted regulations specifically targeted at the short-term rental market Airbnb popularized.
In 2016, Airbnb expanded its service to include experiences, in which a host could offer tours or tickets to events through the app. The company planned to launch an airline, although with the coronavirus pandemic those plans have been delayed indefinitely.
For the past three years, Airbnb has consolidated its position in the market. It acquired Luxury Retreats in 2017 for $200 million, followed by a $400 million acquisition of HotelTonight in 2019. Even with these acquisitions, it is still considered a rather “light” asset company in comparison to its main rivals, Expedia and Bookings.com.
Airbnb 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.
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. To keep hosts on the platform, Airbnb recently launched monthly stays, similar to a normal rental service, but without the usual yearly rental agreement.
Airbnb planned to IPO in early 2020, but with the pandemic it delayed its public launch until December 2020.
We’ve collected data and statistics on Airbnb. Read on to find out more.
Airbnb key statistics
- Airbnb generated $5.9 billion in revenue in 2021, a 73% year-on-year increase
- Airbnb has 150 million users, though that number has not been updated since 2018
- In 2021, 300 million bookings were made on Airbnb, a 55% increase on 2020
- There are over seven million listings on Airbnb, run by four million hosts
|Title 1||Title 2|
|Launch date||11 August 2008|
|HQ||San Francisco, California|
|People||Brian Chesky (CEO), Joe Gebbia (Chairman), Nathan Blecharczyk (CSO)|
|Business type||Public (NASDAQ: ABNB)|
Airbnb saw its revenues increase by 73% in 2021, after a 31% decrease in revenue in 2020 due the coronavirus pandemic shutting down travel.
Airbnb quarterly revenue 2019 to 2022 ($mm)
Airbnb annual revenue 2014 to 2021 ($bn)
Airbnb reported a net loss of $352 million in 2021, a huge contraction on the $4.5 billion it lost in 2020.
Airbnb annual net income/loss 2017 to 2021 ($mm)
|Year||Net income/loss ($mm)|
Source: Company data, Fortune
Airbnb bookings increased by 55% in 2021, from 193 million in 2020 to 300 million in 2021.
Airbnb annual bookings 2016 to 2021 (mm)
Sources: CNBC, Company data
Airbnb has six millions listings worldwide, a 7% increase on 2020 figures, but lower than the seven million listings reported by Airbnb in 2019.
Airbnb annual listings 2013 to 2021 (mm)
Sources: Company data, TechCrunch
Airbnb said it had 150 million active users in 2018, but has not updated this stat since. We estimate it has around 200 million active users.
Airbnb annual users 2012 to 2018 (mm)
Airbnb vs competitors: market share
How many people have stayed in Airbnb homes?
Over half a billion guests have stayed in an Airbnb home, earning the hosts $65 billion
How many countries is Airbnb active in?
Airbnb is active in over 200 countries and 81,000 cities
What are the most popular cities for Airbnb?
Tokyo, Paris, Osaka, New York City and London are the most popular cities
How many experiences are available on Airbnb?
Over 50,000 experiences are available, including DNA necklace crafting, learning how to eat fire and a neural enhancement experience
What generation uses Airbnb the most?
60% of Airbnb’s userbase are millennials