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Airbnb Is Adjusting To The Future Of Travel

There are a number of catalysts that could make Airbnb stand out in the future of accommodation booking, let’s dive right into them.

Airbnb (NASDAQ: ABNB) isn’t your regular travel lodger. Of course, the usual suspects are available in hotels and apartments, but you can rent ‘tiny homes’, islands, towers, boats, shipping containers, castles, and if you really want to, you can stay in a fully-fledged liveable treehouse out in the woods. These stays might not be for everyone, but Airbnb really does have it all. 

Financials

Airbnb has over $7 billion in cash, cash equivalents, and marketable securities as of Q3 2021. Despite some of the worst years for the travel industry, Airbnb reported record revenues of $2.2 billion in its most recent quarter, a 70% increase year-over-year (YoY), and exceeding pre-pandemic numbers from 2019. 

Host acquisition

Now, not everyone wants to be a property manager, but adding diverse income streams, and those with the means to do so, might well opt to become an Airbnb host.

Airbnb owns no physical properties itself, so it relies on stakeholders to fill the gap for them — and its giving them the tools to do so. By offering a range of services such as deep learning photo optimization models and SEO upskilling to streamline enhanced searchability for lettings, it’s making the process easy for anyone. Moreover, AirCover, a free protection service for hosts, gives liability cover, damage cover, and income protection to the people who keep this business ticking.

On top of this, Airbnb has extended its host network, partnering with Hello Alice, a small business owners platform, to help create a new source of revenue for business owners to fund ongoing operational costs. 

The remote work trend

Airbnb is set to benefit considerably from changing work environments. Employees are increasingly demanding the option to work remotely. Since the pandemic, 65% of people want to continue working from home, and 58% said they would look for new job opportunities if remote work wasn’t available to them.

Why it matters is because people are looking to move, with 83% of people interested in relocating while having the ability to work remotely. Airbnb gives the option of “living anywhere at any time, for however long”.

Conclusion

More than a good pick for 2022, Airbnb looks like it might be a good pick for 2030. That being said, it still has a number of regulatory hurdles to climb before then, considering some cities around the world have banned the company outright. That being said, unique rental options, powerful branding, and its adaptation to the future of travel means it could be a top pick for years to come.

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