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Stock impact report

From Brazil to China, Airbnb has its sights set on global dominance [Yahoo! Finance]

Airbnb, Inc. - Class A (ABNB) 
Company Research Source: Yahoo! Finance
Chesky , mapped out what he sees as the short-term-rental giant's biggest expansion markets: Mexico and Brazil in the Americas; in Asia, Japan , India, South Korea, and China, for Chinese residents looking to travel outside the country; and further into Germany, Italy, and Spain in Europe, where it already has a stronghold. What's connecting these scattered countries? Dave Stephenson, the chief business officer at Airbnb , says they're all places where the company's footprint is small compared to the amount of money people spend on travel there. The company is working on ways "to show up locally relevant," he says, "so that people think of why it's better to travel on Airbnb." Stephenson maintains that Airbnb, despite its name recognition, has a smaller footprint than hotels. The company says it has 8 million active listings globally, compared to, by one estimate, some 17 million hotel rooms . Airbnb aims to close that gap, continent by continent. There's something else tying this Show less Read more
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