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Airbnb reports $834 million profit in third quarter as revenue soars

Airbnb said its net income was nearly four times the $219 million that it earned a year earlier and nearly triple the $267 million it reported in the third quarter of 2019.
Shares of Airbnb Inc. gained about 1% in after-hours trading after rising 3% to $178.45 in the regular session.(AFP)
Shares of Airbnb Inc. gained about 1% in after-hours trading after rising 3% to $178.45 in the regular session.(AFP)
Published on Nov 05, 2021 05:53 AM IST
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AP |

'No time to waste': Airbnb to host 20,000 Afghan refugees for free

  • About 270,000 Afghans had been internally displaced since January, according to a UN refugee agency estimate, taking the total uprooted population to over 3.5 million.
Brian Chesky, co-founder and CEO of Airbnb, announced the company’s decision to host the Afghan refugees.(AP)
Brian Chesky, co-founder and CEO of Airbnb, announced the company’s decision to host the Afghan refugees.(AP)
Published on Aug 24, 2021 06:20 PM IST
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Byhindustantimes.com, Hindustan Times, New Delhi

Global outage hit websites of DraftKings, Airbnb, FedEx, Delta and Barclays

  • In India, food delivery platforms like Zomato also faced downtime due to the outage.
Major websites faced an outage due to a glitch. (HT File)
Major websites faced an outage due to a glitch. (HT File)
Published on Jul 22, 2021 11:54 PM IST
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Written by Shankhyaneel Sarkar | Edited by Avik Roy, Hindustan Times, New Delhi

Airbnb paid tourist $7 million after she was raped in New York rental: Report

  • Safety agents at Airbnb reportedly relocated the rape survivor in a New York hotel, flew her mother overseas from Australia and offered to cover any health or counselling costs.
New York City: Airbnb wrote a check for $7 million to the rape victim in one of the biggest payouts the company has ever made.(Reuters)
New York City: Airbnb wrote a check for $7 million to the rape victim in one of the biggest payouts the company has ever made.(Reuters)
Updated on Jun 16, 2021 03:13 PM IST
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Byhindustantimes.com | Edited by Kunal Gaurav, Hindustan Times, New Delhi

Airbnb CEO says travel never going back to the way it was before pandemic

Airbnb Chief Executive Officer predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family.
Travelers are
Travelers are "yearning for what was taken away from them," Chesky said at the Reuters Next conference. (Reuters)
Published on Jan 15, 2021 10:11 AM IST
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Reuters | , United Kingdom

YouTuber stays inside ‘world’s smallest Airbnb’ for 24 hours. Clip is intriguing

“I can't believe I stayed in the WORLD'S SMALLEST HOUSE for 24 hours straight lol I'm so awesome!” Trahan wrote while sharing the clip.
The image shows Youtuber Ryan Trahan.(YouTube/@Ryan Trahan)
The image shows Youtuber Ryan Trahan.(YouTube/@Ryan Trahan)
Published on Jan 09, 2021 04:37 PM IST
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ByTrisha Sengupta

Room tariffs zoom at weekend getaways

Occupancies at hotels and resorts have recovered only 50-70% as compared to previous years, shows data shared by five top travel booking sites with Mint, while villas and private apartments personally managed by individual owners are seeing heavy demand as they are perceived to be more hygienic.
Data from Ixigo shows that the average rates in two- and three-star villas and hotels are up 33-86% for the last week of December, compared with the last week of November, in Shimla, Manali, Haridwar and Rishikesh.(REUTERS)
Data from Ixigo shows that the average rates in two- and three-star villas and hotels are up 33-86% for the last week of December, compared with the last week of November, in Shimla, Manali, Haridwar and Rishikesh.(REUTERS)
Updated on Nov 30, 2020 02:30 AM IST
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Hindustan Times, Mumbai/New Delhi | ByAnirudh Laskar and Rhik Kundu, Mumbai/new Delhi

This Airbnb has a special visiting guest named Josie. A tweet about her is viral

While the note itself is adorable, what makes the tweet even more delightful is that it details how Josie did in fact visit the Airbnb.
Josie did in fact visit the Airbnb.(Twitter/@raycont_)
Josie did in fact visit the Airbnb.(Twitter/@raycont_)
Updated on Jul 03, 2020 01:44 PM IST
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Hindustan Times, New Delhi | ByAmrita Kohli

Airbnb cuts 1,900 jobs as coronavirus hits home rentals

“Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019,” founder Brian Chesky said in a memo to employees.
Last month, Airbnb said private equity firms Silver Lake and Sixth Street Partners would invest $1 billion in the startup, raising its cash reserves to around $4 billion.(Reuters file photo)
Last month, Airbnb said private equity firms Silver Lake and Sixth Street Partners would invest $1 billion in the startup, raising its cash reserves to around $4 billion.(Reuters file photo)
Updated on May 06, 2020 10:02 AM IST
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ByReuters| Posted by: Harshit Sabarwal

Coronavirus outbreak causes Airbnb to freeze Beijing check-ins until March

Tujia and Trip.com Group Ltd., Airbnb’s local rivals, may similarly suspend all bookings in the capital but their actions are currently unclear.
As of Sunday, Beijing’s health authorities have confirmed 337 cases, including two deaths.(Bloomberg)
As of Sunday, Beijing’s health authorities have confirmed 337 cases, including two deaths.(Bloomberg)
Updated on Feb 10, 2020 12:30 PM IST
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Bloomberg, Beijing | ByGao Yuan

Three killed, two injured in shooting at a Toronto Airbnb

Police by Saturday still had not given any information on the victims’ identities or a possible motive, only saying that the violence happened in an Airbnb online rental downtown.
Three people were killed and two others wounded in a shooting in an apartment rented on Airbnb in Toronto. (Representative Image)(Getty Images)
Three people were killed and two others wounded in a shooting in an apartment rented on Airbnb in Toronto. (Representative Image)(Getty Images)
Updated on Feb 02, 2020 10:55 AM IST
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Montreal | ByAgence France-Presse

Why second-home owners are opting for the BnB model over rental

The bed-and-breakfast model lets owners retain control of how a property is used, even decorated. It also allows for easy use of the house in off-season.
(iStock)
(iStock)
Published on Dec 21, 2019 08:09 PM IST
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Hindustan Times | ByAishwarya Iyer

How Beyoncé and Mariah Carey helped turn Airbnb into a luxury brand

The company had relationships with about 65 celebrities and went on to provide free lodging for several of the world’s biggest stars, including Justin Bieber, Lady Gaga and Beyoncé.
Mariah Carey clicked while she enjoys her beach holiday.(Mariah Carey/Instagram)
Mariah Carey clicked while she enjoys her beach holiday.(Mariah Carey/Instagram)
Updated on Nov 29, 2019 10:00 AM IST
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Bloomberg | ByAnne VanderMey

These Bollywood and Hollywood homes could be a part of your real-life too. Here’s how

Living in a home you have read about or have watched a virtual version of is nothing short of living your dream, something ‘straight out of a book or movie’. Take a dekko.
(Unsplash)
(Unsplash)
Updated on Sep 21, 2019 02:04 PM IST
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Hindustan Times, Delhi | BySaumya Sharma

Sterling Holidays plans doubling portfolio through asset light model

At present, around 50% of the company’s revenue comes from its membership business. The asset light model was adopted to bring scale and expand into new holiday destinations and markets.
As part of its growth plans, Sterling has identified major leisure destinations, pilgrimages and short gateway locations.(Ramesh Pathania/Mint photo)
As part of its growth plans, Sterling has identified major leisure destinations, pilgrimages and short gateway locations.(Ramesh Pathania/Mint photo)
Updated on Aug 27, 2019 01:38 PM IST
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livemint, Mumbai | ByBidya Sapam

Oyo buys Las Vegas Hooters Hotel in its first US purchase

Earlier in June, Oyo had announced its plan to invest $300 million in the U.S. Currently, there it has over 112 Oyo Hotels in more than 60 cities and 21 states in the U.S.
The logo of OYO.(REUTERS image)
The logo of OYO.(REUTERS image)
Updated on Aug 24, 2019 09:26 AM IST
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Livemint, Bengaluru | ByDeepti Chaudhary

Man shares Airbnb host’s strict bathroom rules, sparks debate on Twitter

The detailed list comprises a set of extremely specific bathroom rules that the guests must follow during their stay
The list starts with a small request and goes on to detail the more specific rules.(Twitter/@ianhickton)
The list starts with a small request and goes on to detail the more specific rules.(Twitter/@ianhickton)
Published on Jul 23, 2019 07:44 PM IST
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ByMalvika Kukreja

What’s your type? A look at the new kinds of buyers, brokers and developers

ANNIVERSARY SPECIAL: Meet the ‘everything’ developer, NRI tenant, Airbnb host... and more.
The lifelong guest(HT Illustrations by Shrikrishna Patakar, Rishikesh Gophane, Unnikrishnan AV)
The lifelong guest(HT Illustrations by Shrikrishna Patakar, Rishikesh Gophane, Unnikrishnan AV)
Updated on Aug 13, 2019 07:00 AM IST
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Hindustan Times | ByTeam HT Estates

Georgia’s ex-president swaps politics for life of an Airbnb landlord

After five years in office, Giorgi Margvelashvili, ex-Soviet Georgia’s fourth president, has also returned to his former life as a politics teacher.
Georgia's former President Giorgi Margvelashvili speaks during an interview outside his house in the town of Dusheti near the capital Tbilisi, Georgia May 8, 2019.(REUTERS PHOTO)
Georgia's former President Giorgi Margvelashvili speaks during an interview outside his house in the town of Dusheti near the capital Tbilisi, Georgia May 8, 2019.(REUTERS PHOTO)
Updated on May 14, 2019 10:26 AM IST
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Dusheti | ByReuters

A night at the museum: Airbnb and Musée du Louvre are making the art lover’s dream come true

The Louvre’s iconic glass Pyramid will be specially designed to celebrate the building’s 30th anniversary.
The Louvre’s iconic glass Pyramid will be specially designed to celebrate the building’s 30th anniversary.(Julian Abrams/Airbnb)
The Louvre’s iconic glass Pyramid will be specially designed to celebrate the building’s 30th anniversary.(Julian Abrams/Airbnb)
Updated on Apr 05, 2019 07:08 PM IST
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Hindustan Times, Delhi | BySaumya Sharma

IWD 2019: Empowering women, one act, one day at a time. Read some inspiring stories this Women’s Day

International Women’s Day 2019: From gender equity to bridging the pay gap and having a voice, women are making us proud in all walks of life and it’s the best feeling to look up to another woman as a source of empowerment and strength.
I’s the day of empowerment, uplifting our own spirits and the ladies around you. Read some inspirational stories of a few women who are working towards making the world a happier place.(Unsplash)
I’s the day of empowerment, uplifting our own spirits and the ladies around you. Read some inspirational stories of a few women who are working towards making the world a happier place.(Unsplash)
Updated on Mar 09, 2019 09:13 PM IST
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Hindustan Times, Delhi | BySaumya Sharma

Man admits choking Airbnb guest to death in Australia over unpaid bill

Jason Colton pleaded not guilty to a murder charge in the Victoria state Supreme Court on Monday but admitted to manslaughter in Ramis Jonuzi’s death in 2017.
Colton would face a potential life sentence if a jury convicts him of murder. He would face a potential 20 years if the jury accepts his death was manslaughter.(AFP/ Representative Image)
Colton would face a potential life sentence if a jury convicts him of murder. He would face a potential 20 years if the jury accepts his death was manslaughter.(AFP/ Representative Image)
Updated on Mar 04, 2019 02:14 PM IST
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Melbourne | ByAssociated Press

These Airbnb stays will make you want to leave your desk right away to feed your creative soul

Airbnb that started out as a bed and breakfast option now provides a variety of properties including entire homes and apartments, private rooms, castles, boats, manors, tree houses, tipis, igloos, private islands. It’s like you name it, and you’ll have it!
A beautiful Airbnb cottage in the mountains where you can spend your snowy winters reading a book, writing, painting with a cup of hot chocolate or your favourite dish.(Airbnb/Instagram)
A beautiful Airbnb cottage in the mountains where you can spend your snowy winters reading a book, writing, painting with a cup of hot chocolate or your favourite dish.(Airbnb/Instagram)
Updated on Jan 07, 2019 09:50 AM IST
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Hindustan Times, Delhi | BySaumya Sharma

Priyanka Chopra, Nick Jonas’ 18-foot wedding cake inspires jokes: Is it on Airbnb?

Priyanka Chopra and Nick Jonas’ 18-foot wedding cake, which the newlyweds cut during a three-minute fireworks display, has inspired online jokes.
Priyanka Chopra and Nick Jonas cut their 18-foot wedding cake.
Priyanka Chopra and Nick Jonas cut their 18-foot wedding cake.
Updated on Dec 05, 2018 09:10 AM IST
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Hindustan Times | ByHT Correspondent, New Delhi

Rajkummar Rao, girlfriend Patralekha enjoy a beachside vacation in Goa. See pics

Rajkummar Rao and Patralekha’s pictures from their Goa vacation have a warm and happy feel to them. Check out their pictures here.
Rajkummar Rao and Patralekha relax on a beach in Goa.(Instagram)
Rajkummar Rao and Patralekha relax on a beach in Goa.(Instagram)
Updated on Oct 30, 2018 02:27 PM IST
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Hindustan Times | ByHT Correspondent

Africa looks to lure global visitors, boost sustainable tourism

Despite boasting of natural wonders, Africa draws just 5% of tourists from around the globe. They are now trying to revamp the tourism scene through new experience-based tours and sustainable initiatives.
Eco-friendly safaris and carbon-neutral lodging in Africa draw increasing numbers of tourists from Europe and North America.(Unsplash)
Eco-friendly safaris and carbon-neutral lodging in Africa draw increasing numbers of tourists from Europe and North America.(Unsplash)
Updated on Sep 20, 2018 10:44 AM IST
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Agence France-Presse | ByHT Correspondent

The Taste with Vir Sanghvi: Why hoteliers need not worry about Airbnb

In this week’s column, Vir Sanghvi writes about why there is a strong monetary argument in favour of Airbnb, but the brand and its properties are not necessarily cooler than a hotel would be.
People who stay in luxury hotels will not abandon them even if Airbnb options are cheaper because there are things a hotel provides that no apartment rental can match.(Shutterstock)
People who stay in luxury hotels will not abandon them even if Airbnb options are cheaper because there are things a hotel provides that no apartment rental can match.(Shutterstock)
Updated on Aug 01, 2018 10:42 AM IST
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Hindustan Times | ByVir Sanghvi

These beautiful boutique-apart hotels that can actually compete with Airbnb

The boutique apart-hotel is a new, hybrid concept that is taking the hospitality world by storm and may even offer competition to Airbnb. Half-apartment, half-hotel, it is perfect for your Instagram feed.
A “room” at the AKA Wall Street.(Facebook)
A “room” at the AKA Wall Street.(Facebook)
Updated on Jul 27, 2018 10:25 AM IST
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Bloomberg | ByNikki Ekstein, Bloomberg

Why Europe’s tourist hotspots are hitting back at Airbnb

As Airbnb turns a decade old, it is facing an increasing backlash from European cities who are unhappy with how Airbnb-rentals have driven up prices across cities.
Airbnb has a stock of five million accommodation units advertising with it globally in 81,000 cities across some 200 countries.(Shutterstock)
Airbnb has a stock of five million accommodation units advertising with it globally in 81,000 cities across some 200 countries.(Shutterstock)
Updated on Jul 04, 2018 05:30 PM IST
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Agence France-Presse | ByHT Correspondent

10 years of Airbnb: How cash-strapped roommates became billionaires

A pair of cash-strapped roommates started Airbnb, a startup now valued at more than $30 billion which boasts millions of places to stay in more than 191 countries, from apartments and villas to castles and treehouses.
n 2011, Airbnb became a Silicon Valley “unicorn” valued at a billion dollars based on some $112 million pumped into it by venture capitalists.(AFP Photo)
n 2011, Airbnb became a Silicon Valley “unicorn” valued at a billion dollars based on some $112 million pumped into it by venture capitalists.(AFP Photo)
Updated on Jul 04, 2018 12:22 PM IST
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Agence France-Presse, San Francisco | ByAgence France-Presse
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Saturday, November 27, 2021