2 for 3 ain’t bad, Airbnb

The hotelier of the future is movin’ on up — but not without a fair share of controversy. This week, the company pumped out 2 big wins and one potentially big loss. Here’s the latest. Win: They doubled their revenue   The cool-kid of home renting companies is continuing their profitability: at $1B, their Q3 […]


November 17, 2017

The hotelier of the future is movin’ on up — but not without a fair share of controversy. This week, the company pumped out 2 big wins and one potentially big loss. Here’s the latest.

Win: They doubled their revenue  

The cool-kid of home renting companies is continuing their profitability: at $1B, their Q3 revenue doubled last year’s ($500m).

Airbnb has managed to keep a steady profit going for the past 17 months, straight, which is incredibly important as the business moves closer and closer toward an IPO.

Win: They’re pushing toward accessibility for everyone

This week, Airbnb acquired the accessible accommodation company, Accomable — often dubbed “Airbnb for disabled people” — for an undisclosed amount.

According to the London-based startup’s website, Accomable will now “work with Airbnb hosts around the world to find properties that could have suitable accessibility features.” Their first order of business: to suss out homes on the Airbnb platform with the potential to accommodate those in wheelchairs.

Loss: Vancouver pumps the breaks

Vancouver moved to limit short-term rentals this week, due to the city’s severe housing shortage — a move that could directly affect Airbnb’s business interests there.

With high housing rates and an abnormally low vacancy rate for both apartments and housing, the city hopes these restrictions will free up more long-term rentals and help protect any further loss of rental units.

Daily briefings, straight to your inbox

Business and tech news in 5 minutes or less

Join over 1 million people who read The Hustle

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.