Nearly 700,000 Companies Using Airbnb for Work

Nearly 700,000 Companies Using Airbnb for Work

The lodging platform Airbnb has been vying for a share of the trillion-dollar global business travel market since 2014, when it first launched “Airbnb for Business” and began advertising houses and apartments with desks, Wi-Fi, and other essential amenities to users traveling for work. Since then, the service has been rebranded as “Airbnb for Work,” and on Monday, the company announced that it was growing exponentially, with almost 700,000 companies having employees sign up and book travel through Airbnb. That’s up from 250,000 as of April 2017. Business travel bookings tripled from 2015 to 2016, then tripled again from 2016 to 2017, Airbnb boasted.

In its blog post announcing these new user numbers, Airbnb also highlighted some fun facts about how people are using Airbnb for Work:

  • Bleisure (combining business trips with leisure stays) – we continue to see people tack on weekend days to explore the cities they’re traveling to. More than 30% of Airbnb for Work bookings in the past year include at least one weekend night.
  • “Traditional” business trips – a year ago, the average trip on Airbnb was six nights or more; today, the average stay with Airbnb for Work is about five days, and the fastest growing segment of trips is three nights or less. Business travelers are increasingly using Airbnb for shorter trips, which they may have booked hotels for in the past.
  • Collaboration – nearly 60 percent of Airbnb for Work trips in the last year had more than one guest. Of the 60 percent of Airbnb for Work trips with more than one guest, nearly 40 percent of had three or more guests. Teams are traveling together to bond and collaborate.
  • Mobility – we’re seeing extended stays and relocations being booked on Airbnb for many different reasons and lengths of time — ranging from long business trips or training sessions that require several weeks away, to on-site projects that can last several months to a year. In the past year alone, we’ve seen stays with Airbnb for Work 14 days or longer grow nearly 3X.

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Airbnb Looks to Tap Corporate Market with ‘Business Travel Ready’ Apartments

Airbnb Looks to Tap Corporate Market with ‘Business Travel Ready’ Apartments

Airbnb rolled out a new search tool on Monday to cater to the lucrative market of business travelers. Bloomberg’s Olivia Zaleski reports:

The feature will allow professionals to filter homes and apartments that Airbnb has deemed Business Travel Ready. To qualify for a BTR listing, as the company calls it, the dwelling must have a desk, Wi-Fi, self-check-in through a doorman or digital lock and various amenities you’d expect at a hotel, like free shampoo, a hairdryer and iron.

According to Airbnb, 90 percent of its customers are vacationers. … But Airbnb sees expense accounts as a big opportunity. U.S. business travel spending is expected to reach $296 billion by the end of this year and climb 5.2 percent next year, according to the Global Business Travel Association, a trade group. There were 250 companies signed up with Airbnb to book and manage business travel in 2015.

Airbnb’s main challenge is providing the level of consistency business travelers expect and rely on, AmTrav Corporate Travel president Craig Fichtelberg noted at Business Travel News last month, which may be why ridesharing services like Uber have had more success in the expense account market than Airbnb’s apartment-sharing model:

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