For $ 181 per night, Airbnb guests can stay in a castle in Galway, Ireland.
Many have taken up the house share business on this offer with the company that today shares that the castle supplies their most reserved private room. Along with that fun data point, Airbnb shared a host of other statistics that indicate a 12-year upward trajectory for the company.
In particular, Airbnb has just registered its arrival of 500 million guests through one of its 6 million houses, yurts, tree houses, boats and more.
Airbnb crossing the 500 million mark is not surprising given recent aggressive expansion strategies. With a value of $ 31 billion, the San Francisco-based company recently announced that it would acquire HotelTonight in a deal whose value was estimated at approximately $ 465 million.
Airbnb’s long-term goal is to build a complete end-to-end travel platform for sharing at home, booking hotels, organizing business trips, experiences, and more. Folded into HotelTonight, a mobile app that lets travelers arrange last-minute accommodations, accelerates your path to peer-to-peer rental market ownership and more. Among the most acquisitive unicorns, according to Crunchbase News, Airbnb is apparently considering buying a stake in Oyo, an Indian hotel company.
According to analytics platform Second Measure, Airbnb is rapidly outpacing hospitality headlines. Since 2016, Airbnb has tripled sales, while the largest hotel chains have seen sales growth of just 11 percent. Airbnb’s annual sales have surpassed IHG and Hilton, and are on track to surpass Marriott, which has dominated the industry since acquiring Starwood Hotels in 2016.
All of this bodes well for Airbnb, which is said to be considering an IPO for 2019 or 2020. To date, the company has raised $ 4.4 billion in a combination of debt and equity funds from equity investors from risk, including Andreessen Horowitz and Sequoia Capital. In January, Airbnb said it was profitable for the second year in a row based on EBITDA (earnings before interest, taxes, depreciation and amortization).
In addition to the 500 million milestone, Airbnb has shared that its hosts have earned $ 65 billion from renting space on the platform. That number is expected to grow, fast, as Airbnb says it saw 152 percent growth in the number of rooms available on its platform. The geographical distribution of guests has also expanded, and peripheral markets have increased their share of arrivals.
Finally, the age of the hosts has become more diverse. Seniors are now the fastest growing demographic in the US, while 70 percent of bookings in the past three years were made by guests under 40.Illenials around the world have spent more than $ 31 billion on booking trips on Airbnb.
Airbnb currently dominates the peer-to-peer rental industry, but with Expedia gaining market share through its subsidiary HomeAway and Bookings Holdings doing their best to compete through Bookings.com, Kayak and Priceline, Airbnb will not be able to maintain this growth rate.