by Oliver Barnes, Australian Financial Review from afr.com
London | Airbnb is plotting a push into longer-term housing rentals and a renewed drive on experiences as part of a shake-up of the travel accommodation app.
Chief executive Brian Chesky told the Financial Times that from next year the online rental company would “go a little bit beyond its core business”, including an expansion of its experiences and services. He pointed to more changes, due next month, that would mark the “biggest update to Airbnb ever”.
London | Airbnb is plotting a push into longer-term housing rentals and a renewed drive on experiences as part of a shake-up of the travel accommodation app.
Chief executive Brian Chesky told the Financial Times that from next year the online rental company would “go a little bit beyond its core business”, including an expansion of its experiences and services. He pointed to more changes, due next month, that would mark the “biggest update to Airbnb ever”.
The technology app faces pressure from policymakers worldwide over depleting housing stock in major cities. New York, which was one of Airbnb’s biggest markets globally, has introduced rules limiting residents’ freedom to rent rooms in their homes on Airbnb, culling about three-quarters of listings.
Mr Chesky does not see New York as a “precedent”, though.
“Most people in New York City and beyond feel like there was absolutely a win-win on the table,” he said, citing offers to city authorities to introduce a hotel tax or a housing registration scheme to limit people renting their primary homes.
Airbnb’s plans include expansion of its housing offering as well as “things to do on your trip”. Mr Chesky also highlighted a “long list of ideas” under consideration, including rental cars and dining pop-ups.
Read the full article at https://www.afr.com/world/europe/airbnb-boss-plots-long-term-rentals-despite-housing-crisis-20231004-p5e9qq
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