Airbnb Blows Past 100M Guests But Faces Growing Pains

Yesterday the home-sharing behemoth celebrated reaching its 100 millionth guest, but as the company continues to expand it needs to sort out some serious growing pains.

Airbnb is a far cry away from its origins as a single S.F. apartment with a bed for rent—the company now offers 2.3 million rooms, more than Hilton, Marriott and InterContinental combined, Bloomberg reports. And the firm is worth $30B30% more than the world’s largest hotel company.

Most of its growing pains are in the form of increased regulatory scrutiny. New Yorkers face a law that could subject many hosts to up to $7.5k in fines. The company is also undergoing a legal battle with S.F., suing its hometown for allegedly illegally using its services to help enforce housing law regulations.

Airbnb is also working to address the charges of discrimination brought against it from black hosts and travelers who say they make less money or have received inferior guest experiences. Still, despite its many challenges, the home-sharing company is moving forward with plans to go public in the future. [Bloomberg]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Office Revenues Are Failing To Keep Pace With Expenses

HPP, Blackstone Nab Extension On $1.1B Loan Tied To 2.2M SF Hollywood Portfolio

BMO Executive Named New CEO At CREFC

Traders Bet On A Rate Hike From The Fed After Inflation Report Climbs Higher

Why The Next Generation Of Data Centers Will Require More Battery Options

Luxury Marriott Hotel Will Take Space In Charlotte Office Conversion

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

Limekiln Sells Stake In Multifamily Lender MF1 To Berkshire Residential

Starbucks Spending $1B To Turn Cafés Into Community Lounges

Stephen Curry Sells Planned HQ Site Near Warriors' Arena

Data Center Demand Has Made IOS An Institutional Capital Playground

Healey's New Data Center Rules Make Massachusetts A Tough Sell For Developers