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About This Club

A group all about the modern phenomenon call airbnb and how it is reshaping how we all live and travel.

  1. What's new in this club
  2. Airbnb is buying HotelTonight, the last-minute booking service you use when your friend says you can’t crash because her “roommate is sick.” You don’t even have a roommate, Janet. The financial terms weren’t disclosed, but HotelTonight was valued at $463 million when it last raised money in 2017. That would make it Airbnb’s largest acqusition ever. The strategy behind the deal Airbnb, the disruptor du jour in the hospitality industry, is on a quest to become an “end-to-end travel platform,” jargon for “we want to control every aspect of your travel experience.” So how does HotelTonight fit in? It adds more hotel inventory to complement Airbnb’s bread and butter: short-term home rentals. That kind of inventory is in demand: The company said that in 2018 it more than doubled the number of rooms on properties hosts can categorize as “boutique hotels, bed and breakfasts, and other hospitality venues like hostels and resorts.” What’s next for Airbnb Like any private company valued at $31 billion, you’re going to start getting questions about an IPO. That’ll likely happen at some point in the next year or two, but Airbnb is in no rush to go public like Uber and Lyft. Something else it doesn’t have in common with those two? It’s been profitable for the last two years. Right now, it appears Airbnb’s aim is to build an “expansion narrative,” as CNBC puts it. That means showing investors it can become that end-to-end travel platform with initiatives including… Airbnb Experiences: “Activities designed and led by inspiring locals” Airbnb Plus: A hotel-like service Transportation: Still unclear, but Airbnb hired the founding CEO of Virgin America to be its first-ever global head of transportation A final note about competition...it’s intense. Booking Holdings and Expedia Group (with a combined market cap of close to $100 billion) don’t need any “expansion narratives” to quickly counter Airbnb’s moves.
  3. Airbnb has acquired Gaest, a Denmark-based startup that...fine, we'll make it easy: it's the Airbnb of renting spaces for events and meetings.
  4. Airbnb poached former Amazon exec Dave Stephenson to be its new CFO ahead of an anticipated 2019 IPO.
  5. Some in the Israeli government are calling for a boycott of the vacation rental service, and others are encouraging legal action. Why the backlash? Because on Monday, Airbnb said it would delist 200 properties in Israeli settlements in the West Bank "at the core of the dispute between the Israelis and Palestinians." Israel considers the territory in the West Bank disputed, while most of the world considers the settlements illegal. Israel says Airbnb made a "discriminatory decision" to remove these listings, and "surrendered" to pressure from groups seeking to boycott the country—a movement known as BDS. FYI, 25 U.S. states have laws prohibiting the boycott of Israeli goods and services. Palestinian authorities, human rights groups, and anti-settlement advocates applauded Airbnb's decision. One Palestinian official called it "an initial, positive step." Israeli newspaper Haaretz notes that Airbnb might have a difficult time enforcing its policy. It relies on Google Maps, which "makes no clear distinction between Jewish settlements and Palestinian communities in the West Bank."
  6. Airbnb booked "substantially more" than $1 billion in revenue during the third quarter, the company said yesterday in a memo. That means this fall was Airbnb's strongest quarter since it launched in ‘08. Feels like a few things were missing from that memo, no? All Airbnb disclosed was a loose revenue stat. But according to CNBC's insiders, Airbnb... 1) Is on track to be profitable for a second straight year 2) Reportedly posted $2.6 billion in revenue during 2017 3) Is worth about $31 billion All that without a permanent CFO since February. Not to mention, this marks the first time Airbnb released its revenue...scheduled conveniently ahead of its proposed 2019 IPO. Sound familiar, Uber? + While we're here: In-law guest rooms are being swapped for industrial chic lofts in record numbers this Thanksgiving. Airbnb said it expects one million guests to stay at its U.S. listings during the holiday.
  7. Airbnb technology is the exact opposite of what the current real estate zoning, design, investment infrastructure want to see occur. San Francisco is fighting fiercely against these disruptive tech companies. Ironic isn't it that technology is a double edged sword for the City by the Bay?
  8. The housing crisis in SF is manufactured for purposes of gentrification and pushing Latino communities, for example, out to Oakland. The city takes its housing crisis very seriously! My daughter worked for a man whose company was sold a couple years ago to a a hedge fund for about $30 million, and he is now flipping buildings in SF with his money. The city is geared to only cater to the very rich. (Not that the couple didn't cheat the system to compete with "hotels" but this couple is being used as a "warning" to others who try to do the same.)
    • Hello guest!
    Hillsborough's most recognizable piece of real estate is now up for rent on Airbnb. The Airbnb listing on Friday shows the so-called "Flintstone House," a 2,730-square-foot home at 45 Berryessa Way, can be rented for $750 a night. Use link for more pics
  9. USA TODAY Airbnb bans N. Carolina host as accounts of racism rise USA TODAY SAN FRANCISCO — Airbnb banned a host in North Carolina Wednesday after he used racist language to tell a woman who had just booked a room she was not welcome because she was black. "I hate n— so I'm going to cancel you," the host wrote over ... 'I hate n*ggers so I'm going to cancel': NC Airbnb host rejects and harasses black businesswomanRaw Story Man removed from Airbnb for racist, hate-filled messages to black clientThe Grio Airbnb bans racist hostTechCrunch all 15 news articles » Google
  10. The Boston Globe Want to complain about your neighbor's Airbnb guests? Now you can. The Boston Globe If you have a neighbor whose Airbnb guests are getting out of hand, the company wants to hear from you. The popular short-term rental company introduced a new feature Tuesday that allows the neighbors of Airbnb hosts to file complaints with the company. Now you can complain about your neighbor's Airbnb to the company directlySFGate (blog) Airbnb Will Now Let You Complain About Noisy Rental NeighborsNBC Bay Area Airbnb allows neighbors to tattle on noisy guestsEngadget MarketWatch -VentureBeat -The Verge -SFist all 21 news articles » Google
  11. Brooklyn, NY. $788.00 “Artist sofa in dental waiting room” “This room 4 to 6 girls share” “don’t forget this is not a hotel” Airbnb Review: “Warm clean blankets and towel bath tub is awesome and they are really nice. Sofa was not that comfortable though” Fuente
  12. Elmhurst, NY. $2500.00 (these people are disgusting) “[the tenants] had turned a three-bedroom into a 10-bedroom apartment.“ “they are creating spaces to rent on airbnb by using curtains as room dividers” Fuente

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