General presentation of Airbnb
To increase your ability to analyse the Airbnb share price we now offer you a detailed presentation of this company and its activities. This will assist you in understanding its future challenges and how this group can face threats and increase its growth.
The Airbnb Group was previously known as ‘Airbed and Breakfast’, an American company that was basically a platform for community services relating to payable rental accommodation between individuals. This company was originally created in 2008 and has greatly developed since then, nowadays it boasts several million accommodation announcements and is present in over 190 different countries worldwide.
This small company thereby became the Airbnb Inc. Group that made its entry onto the New York stock market in December 2020. Its registered Office is in San Francisco in the United States. Concerning the European activities of Airbnb, these are exercised through the subsidiary Airbnb Ireland Private Unlimited Company Dublin which is an Irish company.
The economic model of Airbnb is simple as this company enables individuals to rent all or part of their accommodation as seasonal or occasional guest accommodation. The website offers services through its platform for users to find and reserve accommodation directly with the accommodation host. Since its creation dozens of millions of nights’ accommodation have been reserved through the use of this platform.
Since 2016 the Airbnb Group has been seeking to diversify its services through notably offering travellers certain experiences and places. The Experience service enables residents to share their social life, interests and work. Regarding the Places service this includes details on the places that are recommended according to specific criteria and are offered by expert guides of the place concerned.
Photo credits: Open Grid Scheduler / Grid Engine