Started as a means to afford the ever-soaring rent, Airbnb has grown into a wunderkind of the sharing economy with more than 2,000,000 listings in more than 34,000 cities. Consumers and business people alike, along with digital nomads, travel and live differently because of Airbnb. Those with anything from an extra closet to an extra second home have also found a new source of revenue, as well as a way to meet with people from around the world. Big enough to impact housing affordability and availability, AirBnb is in the midst of the evolving conversation about how we live, on our own, and as communities, countries and the world.
With a valuation of $69B, Airbnb has become more valuable than hotel giants Hilton and Marriott. It’s customers and hosts certainly appreciate its value in their own ways as well.