A saying goes ‘necessity is the mother of all inventions.’ This saying applies very well when it comes to the invention of Airbnb Company. This company has its headquarters in the United States of America, and it operates an online marketplace and also hospitality service. It is available for the people to lease or even rent short-term lodging including apartments, cottages, hostels, beds homestays or even hotel rooms.
The aim of offering such services is to help boost the tourism sector. This does include walking tours and reservation making in restaurants. The company has an interesting story about how it started and how it has reached the heights it is. Keep reading to learn more about the net worth of Airbnb in 2020.
This company was started by three individuals, Brian Chesky, Joe Gebbia and Nathan Blecharcyzk and interestingly, the startup of this company was not planned. After Joe Gebbia moved to San Francisco, he stayed for several months with a friend in an apartment. This was in 2007. His roommates, who were also former schoolmates by the name Brian Chesky and Joe Gebbia, could not afford rent for the loft apartment.
After long thinking, the two thought of having an air mattress in the living room and turn it into bed and breakfast. The main goal was to make a few dollars. In 2008, Nathan joined, and he became the Chief Technology Officer. They created a website that did offer short-term living quarters, business networking and breakfast. Within a short period, many people had appreciated the services that they were offering.
From its start, they did not expect to receive such a warm response. The business grew, and they thought of taking it online. They came up with a site, and it was given a domain by the name Airbedandbreakfast.com. It got to be launched in 2008, and their first clients came in the summer of 2008. To improve the marketing of the site, they created special edition breakfast cereals for the Obamas ‘o’s’ and John McCain ‘Cao’n McCain.’
In two months, they had sold over 800 boxes of cereals, and the cereals were going for $40 each. In 2009, in March, the name of the website was shortened to Airbnb.com. Also, the content of the site had grown to entire homes and apartments, private rooms, castles, treehouses and private islands among many more.
A year later, over fifteen people were working from the Chesky and Gebbia loft apartment. Airbnb net worth increased as it has had more investors who put more resources into this project.
Airbnb understands how tricky it can be when searching for accommodation in areas which you are not well conversed with. They have helped to make it easier to travel all over the world. This is what has made the company to win various awards and nominations in various tourism and travel awards. The company has grown, and now it has various branches all over the world.
Net Worth & Earning
Airbnb has an estimated net worth of over $3 billion. The wealth has come from the various bookings that are done by millions of people all over the world. So far, it has received over 300 million bookings. The company usually charges a total of three percent fee that does cover the processing fee.
It is always amazing to see young men, join hands and come up with a solution that does make it easier in the way that we do things. Airbnb has brought some revolution in the tourism industry in a very great way.