Airbnb accelerates supply growth, expands services
The company is considering a variety of new revenue opportunities such as advertising on the platform and hotel-like services for guests
Airbnb has added a variety of features and services to bring more supply onto its platform - such as matching potential hosts with existing Superhosts and creating host insurance and other protections.
Key takeaways
- The company’s financial results from the second quarter of this year show supply grew 19% compared with the same period in 2022, giving the platform 7 million total active listings as of June 30;
- About 90% of its hosts are what Airbnb describes as “individuals” while the rest are “professional,” and from April through June this year, inventory growth was most pronounced in Asia Pacific and Latin America;
- Airbnb is also considering more features to support stays of one month or longer, which accounted for 18% of nights booked in Q2 up from 13% pre-pandemic and which the company sees as a “new category that’s between travel and housing.”
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