The stranglehold that’s closing in on Airbnb April 30, 2014 Airbnb is a company thriving on the sharing economy. The online platform enables people to rent out space in or their entire home to someone else for a short-term stay. Gluing traditional house swap sentiment with a growing appetite for sharing and localism, it gives people the opportunity to make money when it’s tight, and [...]
London’s top six Airbnb rentals April 22, 2014 New York Attorney General Eric Schneiderman really doesn’t like Airbnb. He’s meeting the holiday rental company in court today, as Schneiderman wages war on what he describes as “illegal sublets” which appear on the site. Airbnb has already removed thousands of New York-based lets in a bid to appease Schneiderman, who has issued a [...]
Room-letting app Airbnb hits $10bn valuation March 20, 2014 AIRBNB, the online marketplace that allows homeowners to rent spare rooms from a mobile app, is in late-stage funding discussions that would give the company a valuation of $10bn (£6.05bn). The fundraising round, which is reported to include TPG Capital Management, would place Airbnb on a list of tech start-ups that have recently achieved a [...]
Airbnb plans funding round at $10bn valuation March 20, 2014 Airbnb is in advanced talks to raise funds that’d value it at more than $10bn, reports the Wall Street Journal. The round would see the online property-rental marketplace valued above some of the largest hotel operators with whom it competes. Private equity firm TPG is in the running to lead it, said two people who [...]
Airbnb doubles bookings June 19, 2012 US home rental site Airbnb said yesterday it had seen a dramatic rise in bookings in the last five months. The number of nights booked on its site has doubled to 10m as the number of properties listed also doubled to 200,000. Brian Chesky, Airbnb’s chief executive, has highlighted international expansion as the reason for [...]