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Airbnb to introduce Community Fund in Edinburgh
Reading Time: 2 minutesScotland: Airbnb is to donate £5 from every booking in Edinburgh to local causes by launching a new Community Fund that the home-sharing platform believes will lead to a “rebalancing” of tourism. The Community Fund has been established in place of an obligatory tourist tax, otherwise known as a ‘transient visitor levy’, following the halting […]
Airbnb announces “most comprehensive” service updates
Reading Time: 3 minutesUS: Airbnb has announced the “most comprehensive update ever” to its service, a week after reporting a five per cent rise in Q1 revenue on 2020 levels in its second earnings report since going public via an initial public offering [IPO] in December. CEO Brian Chesky outlined some of the 103 changes and updates which […]
Vienna claims lawsuit victory over Airbnb
Reading Time: 2 minutesAustria: The City of Vienna has won a lawsuit against Airbnb in a ruling that municipal apartments in the Austrian capital will not be available for subletting, although the verdict is not yet legally binding. Vienna is the latest major European city to set out to establish clear rules for online rental platforms, following in the the […]
Adoption of Airbnb pricing feature linked to growing racial disparities
Reading Time: 3 minutesWorldwide: A recent study of over 9000 Airbnb hosts has concluded that the low opt-in rate of an optional pricing algorithm on the home-sharing platform by black hosts is increasing racial disparities in earnings from bookings. The study, carried out by researchers at Carnegie Mellon University in Pennsylvania, USA, centred around Airbnb’s ‘Smart Pricing’ […]
Airbnb Q1 revenue jumps five per cent ahead of travel rebound
Reading Time: 3 minutesUS: Airbnb has reported a five per cent rise in Q1 revenue compared to the same period last year [$887 million compared to $842 million in 2020] in its second earnings report since it went public via an initial public offering [IPO] in December. The company’s Q1 revenue, recorded between January and 31 March 2021, […]
Market looks to Airbnb Q1 results as barometer of travel rebound
Reading Time: < 1 minuteUS: Airbnb Inc is set to release its Q1 financial results on May 13, after the market closes. The company’s earnings have been hit by Covid travel restrictions butthe market, and the wider travel industry will be looking at its Q1 results as a barometer for travel’s rebound from the pandemic. Airbnb’s overall net nights […]
YouTubers go viral after Airbnb doll’s house prank
Reading Time: < 1 minuteUK: A pair of UK-based YouTuber pranksters have gone viral after they were able to circumvent Airbnb’s vetting protocols to list a doll’s house on the home-sharing platform. Josh Pieters and Archie Manners, who have more than 1.46 million subscribers to their eponymous channel, took photographs of the interior of a Georgian-era doll’s house, owned […]
Visa partners with Airbnb for Visa Direct platform
Reading Time: 2 minutesUS: Airbnb and digital payments company Visa have announced that Airbnb hosts in select markets will be able to access their earnings more quickly through a new partnership. Through Airbnb’s use of Visa Direct, Visa’s real-time push payments platform, hosts will have an option to move money from Airbnb to a bank account associated with […]
Airbnb to contribute to $2.5bn investment in tourism in Mexico
Reading Time: 2 minutesMexico: Airbnb is joining other global tourism brands, including Marriott and Hilton, in contributing to a $2.5 billion investment by The World Travel and Tourism Council [WTTC] in Mexico’s tourism industry. The announcement was made by organisation president Christopher J. Nasseta at the twentieth WTTC summit, the first hybrid event since the onset of the […]
Airbnb launches $8m Athlete Travel Grant
Reading Time: 2 minutesWorldwide: Airbnb has launched its Airbnb Athlete Travel Grant to support the travel and accommodation of Olympians and Paralympians over the next eight years. Supported by the International Olympic Committee [IOC], the Airbnb Athlete Travel Grant is projected to amass around $8 million of direct support for athletes for their travel, accommodation and training. In […]