![]() ![]() Later, Airbnb offered to collect hotel taxes, winning over skeptical municipalities. Its hosts, as private homeowners, were not subject to traditional hotel regulation. For years, the company, founded by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia in a San Francisco apartment in 2008, operated without much regulatory scrutiny. Its success is forcing harder conversations about what the company is and what it should be. On July 11, Airbnb will celebrate its 100 millionth guest. ![]() (On a recent weekend in June, it hit 1.3 million guests.) This summer, Airbnb has been routinely passing that figure on most evenings. Last New Year’s Eve, the biggest night of the year for Airbnb, more than a million guests booked rooms on the platform. And its occupancy rates, while lagging the big chains, are high considering that most Airbnb hosts are part-timers. Airbnb’s 2.3 million room inventory makes it bigger than the three largest hotel chains-Hilton, Marriott, and InterContinental-combined. With a valuation of $30 billion, Airbnb is worth about 30 percent more than the world’s biggest hotel company, Hilton, and nearly eight times more than its closest competitor, HomeAway, which Expedia bought for $3.9 billion last year. ![]()
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