Businesses are becoming Airbnb’s Big Business

Airbnb is not just for leisure travel. In 2015 there were 250 businesses using Airbnb, with that number growing exponentially by 2017. Now, the company claims that nearly 700,000 businesses have used, or is currently committed to using an Airbnb for an employee in 2018. The company also claims that more than 275,000 business are working directly with Airbnb to coordinate future travel plans.

Business travel is one place where Airbnb has a lot of room to grow. Currently, 90 percent of its bookings are for tourism or personal stays. Around 30 percent of all travel is for business, and the company has been tapping into this market by rolling out its “Airbnb for Work” program, a faction of the business that tailors itself to working travelers. Companies sign up for this program to schedule individual or group trips while Airbnb makes the accommodations.

Indeed, Airbnb has a lot more room for growth than most people realize. The hotel business in the United States makes $199.3 billion in revenue, and Airbnb made $2.9 billion globally last year. That is about half of the revenues of Hyatt Hotels, and about a tenth of InterContinental Hotels Group. Still, it has surpassed several longstanding hotel chains and has continued to grow year-over-year.

Hotels still dominate the travel-for-work market in part because of rewarding points systems and currently Airbnb does not have a similarly structured service. However, by offering a program that targets businesses, not just individual travelers, the hospitality company could see more growth in years to come. Airbnb for Work offers amenities that some hotels cannot, especially for work teams that are looking for communal areas to collaborate.

Follow us on social media for the latest updates in B2B!



Women's empowerment
Seizing the Narrative: The Transformative Impact of Storytelling on Women’s Empowerment
April 19, 2024

With gender equality becoming a significant global agenda, the narrative around women’s empowerment is more relevant than ever. Amid rising awareness and shifting societal norms, women are increasingly seeking avenues for self-expression and empowerment. A recent study by the Global Gender Gap Report highlights that while progress is being made, substantial efforts are still […]

Read More
V2G technology
Plug into the Future: Decoding V2G for Utility Applications
April 19, 2024

Brian Rudy from Verizon IoT and Melissa Chan of Fermata Energy explore the cutting-edge potential of vehicle-to-grid (V2G) technology at DISTRIBUTECH 2024. Their discussion highlights how this innovation transforms electric vehicles into dynamic energy storage units, capable of stabilizing the grid by storing and discharging power as needed. This technology represents a significant shift […]

Read More
zero trust architecture
Secure Grid Modernization with Zero Trust Architecture
April 19, 2024

Ray Bauer of Verizon Business engages with Del Rodriguez from Palo Alto Networks at DISTRIBUTECH 2024. Rodriguez shares insights into the significance of cybersecurity within the utility sector, particularly in light of increasing cyber threats and the convergence of IT and operational technology (OT). Bauer and Rodriguez discuss Palo Alto Networks’ initiatives to enhance […]

Read More
private wireless networks
Private Wireless Networks
April 19, 2024

Verizon host Wayne Weeks discusses the evolving utility industry with John Gaster, CEO of KSI Data Sciences at DISTRIBUTECH 2024. Together, they explore how KSI focuses on harnessing data from remote sensing devices to enhance the safety, efficiency, and cost-effectiveness of utility operations. Gaster emphasizes the significant role of AI and machine learning in […]

Read More