Product details

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Abstract

Airbnb, one of the leading social websites in the world was founded in 2007 by Brian Chesky, Nathan Blecharczyk and Joe Gebbia in San Francisco. Airbnb was a community marketplace that worked on the basis of peer to peer rental business model and enabled people to book, search and sort out accommodation space in different parts of the world with the help of mobile or internet. The company offered its services in more than 33,000 cities spanning across 192 countries in the world. Increased use of mobile technology and internet services further supported the growth of Airbnb’s business to a great extent. In 2012, the company claimed that it had facilitated booking of more than ten million overnight stays and was further forging ahead with plans to book more rooms in 2013 compared to that of the international hotels. Airbnb had also adopted aggressive international expansion strategies to compete with its clone rivals in foreign countries. In 2013, Airbnb had opened its office in various parts of Europe, as well as Sao Paulo and India. However, Airbnb was facing many legal challenges for the properties enlisted in the big cities like San Francisco, Hawaii and Paris. Besides stiff competition from its rivals like eBay, Airizu, Wimdu GmbH etc, the company was also struggling with tax related issues from the local municipalities for various properties enlisted in the Airbnb website. Amidst this scenario, it would be interesting to observe how Airbnb would be able to sustain its business based on the unique collaborative consumption model.
Location:
Industry:
Other setting(s):
2013

About

Abstract

Airbnb, one of the leading social websites in the world was founded in 2007 by Brian Chesky, Nathan Blecharczyk and Joe Gebbia in San Francisco. Airbnb was a community marketplace that worked on the basis of peer to peer rental business model and enabled people to book, search and sort out accommodation space in different parts of the world with the help of mobile or internet. The company offered its services in more than 33,000 cities spanning across 192 countries in the world. Increased use of mobile technology and internet services further supported the growth of Airbnb’s business to a great extent. In 2012, the company claimed that it had facilitated booking of more than ten million overnight stays and was further forging ahead with plans to book more rooms in 2013 compared to that of the international hotels. Airbnb had also adopted aggressive international expansion strategies to compete with its clone rivals in foreign countries. In 2013, Airbnb had opened its office in various parts of Europe, as well as Sao Paulo and India. However, Airbnb was facing many legal challenges for the properties enlisted in the big cities like San Francisco, Hawaii and Paris. Besides stiff competition from its rivals like eBay, Airizu, Wimdu GmbH etc, the company was also struggling with tax related issues from the local municipalities for various properties enlisted in the Airbnb website. Amidst this scenario, it would be interesting to observe how Airbnb would be able to sustain its business based on the unique collaborative consumption model.

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Location:
Industry:
Other setting(s):
2013

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