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Airbnb gearing up for reported direct listing over IPO
Reading Time: 2 minutesUS: Airbnb is reportedly gearing up for a direct listing rather than an initial public offering [IPO], sources revealed to Bloomberg. According to those same sources, it is believed that the short-term rental firm is set to hire Morgan Stanley and Goldman Sachs as joint lead advisers to its potential stock market flotation. While an […]
Airbnb builds on luxury travel offering with “Luxe” tier
Reading Time: 3 minutesWorldwide: Airbnb is rebranding its top accommodation tier of properties as Airbnb Luxe, which will cater to the luxury rental market and target more affluent guests. The latest category of the business will feature around 2,000 high-end properties located around the world, which are supplemented by additional dedicated concierge services. Airbnb Luxe’s launch follows on […]
Airbnb hires head of diversity and belonging
Reading Time: 2 minutesWorldwide: Airbnb has appointed Melissa Thomas-Hunt in the role of head of global diversity and belonging. Thomas-Hunt, who is leaving her position as Vanderbilt University’s vice provost for inclusive excellence, will relocate from Nashville, Tennessee, to San Francisco to join Airbnb in its push for greater workforce diversity. She will be tasked with the mandate […]
Airbnb partners with RXR Realty to operate Rockefeller Center suites
Reading Time: 2 minutesNew York: Guests on Airbnb will soon be offered the opportunity to book luxury apartment-style suites within New York’s iconic Rockefeller Center. The firm has acquired ten floors at the location of 75 Rockefeller Plaza, with plans in place to convert them into 200 overnight suites in a newly-formed partnership with real estate developers RXR […]
Airbnb set to branch into creative content before IPO
Reading Time: 2 minutesWorldwide: Reuters is reporting that Airbnb is planning to produce a series of original shows and content to encourage its customers to travel more and broaden their horizons. The latest strategy comes at a time when Airbnb is shaping up for a scheduled initial public offering this year or next. The company is said to […]
Airbnb achieves profitability for second year in a row
Reading Time: 2 minutesUS: Airbnb, which is set to go public this year, said it was profitable on an EBITDA basis for the second consecutive year in 2018. In Q3 2018, Airbnb said it had its strongest quarter ever, where it saw “substantially more” than $1 billion in revenue. The following quarter, Airbnb found a replacement for former […]
Airbnb bookings set to surge in the UAE for New Year’s Eve celebrations
Reading Time: 2 minutesUAE: The number of people staying in rental accommodation listed on Airbnb in the UAE is set to more than double during New Year’s Eve. The short-term rental platform said it was currently seeing a 108 per cent rise in bookings during the New Year period, as travellers head to the Emirates to make the […]
Airbnb to hold superhost week initiative ahead of preparation for potential IPO
Reading Time: 2 minutesWorldwide: Airbnb is to hold a superhost week in December to celebrate its 600,000+ superhosts, amid growing speculation that it is preparing for an IPO in 2019. A host can become an Airbnb superhost by hosting at least 10 trips and having an average rating of more than 4.8 out of five stars and the […]
Airbnb names Amazon’s Dave Stephenson as its chief financial officer
Reading Time: 2 minutesWorldwide: Airbnb has ended its 10-month search for a new chief financial officer after it named Amazon finance executive Dave Stephenson in the position. Stephenson, a long-time executive at Amazon, was responsible for overseeing the finances of the company’s worldwide consumer business. He is now expected to take up the role of leading Airbnb’s potential […]
Mike Curtis to leave Airbnb position as VP of engineering
Reading Time: < 1 minuteAirbnb: Airbnb’s head of engineering, Mike Curtis, is to leave the company later this year to pursue other projects and focus on family commitments. Curtis joined the home-sharing online rental platform in 2013 after two years in a similar position with Facebook. Airbnb will now work with Heidrick & Struggles to find a successor to […]