While you might think that Airbnb is only for finding a place to stay for personal travel, the house-sharing network has gradually crept into the business travel arena since 2014. In fact, Airbnb has made a strong push in 2017. And, their efforts just might be paying off.
Popularity of Airbnb Business Has Skyrocketed
Over 250,000 companies use Airbnb for business. In 2015, only 250 companies traveled with Airbnb. That’s an extremely sharp increase in only two years! Even some of the largest companies including Alphabet, Inc. (Google) and Domino’s Pizza.
Fortune 500 companies are on board with Airbnb travel and this is a very encouraging sign for Airbnb. While individual, self-employed business travelers have been using Airbnb for travel since their inception, attracting the interest of the largest companies means somebody can use Airbnb every week of the month. Not only when they take a weekend trip or go on vacation.
While 90% of Airbnb revenue stems from personal stays and tourism activities, over $296 billion is spent on corporate travel within the United States alone. Business travel is Airbnb’s “next frontier” as they try to provide reasonably priced accommodations with a personal touch.
In fact, Airbnb has become such a popular travel option, Airbnb is more valuable than many longtime hotel brands.