Airbnb, Inc. The company does Aibrnb own any of the real estate listings, nor does it host events; it acts as a brokerreceiving commissions from each booking. The company was conceived after its founders put an air mattress in their living room, effectively turning their apartment into a bed Airnnb breakfastin order to offset the high cost of rent in Co,pany Francisco; Airbnb is a shortened version of its original name, AirBedandBreakfast.

Shortly after moving to San Francisco in Octoberroommates Akrbnb former schoolmates Brian Chesky and Joe Gebbia came up with the idea of putting an air mattress in their living room and turning it into a bed and breakfast. Computer programmer Paul Graham invited the founders to the January winter training session of his startup incubator, Y Combinatorwhich provided them with training and Arbnb in exchange for a small interest in the company.

By Marchthe site had 10, users and 2, listings. In Marchthe name of the company was shortened Compajy Airbnb. In Aprilthe Comppany received seed money from Sequoia Capital. In JuneAirbnb announced its 10,th night booked, doubling business in the previous five months.

At the South by Southwest conference, Airbnb won the "app" award. Airbnh NovemberAirbnb opened an office Airgnb SydneyAustralia, its 11th office location, and announced plans to launch the service in Thailand and Indonesia. In NovemberAirbnb launched "Neighborhoods", a travel guide of 23 cities that helps travelers choose a neighborhood in which to stay based on certain criteria and personal preferences.

By OctoberAirbnb had served 9, guests since its founding in August In JulyAirbnb revealed design revisions to the site and mobile app and introduced a new logo. In the summer ofat the request of Standard Insurance Company Headquarters Address members of the United States Senatethe Federal Trade Commission began investigating how Airbnb affected housing costs.

The New York Times reported that these events were related and part of a "plan that the hotel association started in early to thwart Airbnb". Airbnb first became profitable during the second half of In Compnaythe company announced Airbnb Plus, a collection Trans World Assurance Company homes that have been vetted for quality of services, comfort and design, [40] as well as Beyond by Airbnb, which offers luxury vacation rentals.

Rowe Price and Sherpa Capital. On May 31,Airbnb acquired a Compahy competitor, Accoleo. This acquisition made Airbnb the largest lodging website in the United Kingdom.

On November 16,the company acquired Accomable, a startup focused on travel accessibility. In AugustAirbnb acquired Urbandoor, [70] a global online marketplace [71] that offers extended stays to corporate clients. The terms of this deal were not disclosed.

Airbnb provides a platform for hosts to accommodate guests with short-term lodging and tourism-related activities. Linguist Mark Liberman has criticized the extreme length of the legal agreements that Airbnb members are required to accept, with the site's terms of serviceprivacy policyand other policies amounting to " words, or about the size of a short novel, though much less readable".

Airbnb features Airbhb review system in which guests and hosts can rate each other after a stay. Hosts and guests are unable to see reviews until both have submitted a review or until the window to review has closed, a system which aims to improve accuracy and objectivity by removing fears that users will receive a negative review in retaliation if they write one.

However, the truthfulness and impartiality of reviews may be adversely affected by concerns of future stays because prospective hosts may refuse to host a user who generally leaves negative reviews.

In addition, the company's policy requires users to forego anonymity, which may also detract from users' willingness to leave negative reviews. These factors may damage the objectivity of the review system. In AugustAirbnb cancelled numerous bookings and AAirbnb accounts belonging to attendees of the white nationalist Unite the Right rally in Charlottesville, Virginia Compajy, citing its terms of service in which members must "accept people regardless of their race, Ricoh Watch Companynational origin, ethnicitydisabilitysex, gender identitysexual orientation, or age.

Airbnb allows hosts to choose among three ways of cancellation policies, made to protect both hosts and guests. Options are: Flexible, Moderate, and Strict. A guest can request a full refund within 24 hours before the check-in time.

If so, a guest will be refunded with a full amount of the accommodation fees. This type of cancellation policy is stricter yet lets guests get a refund. A guest can apply a cancellation for 5 days before check-in to be fully refunded the accommodation fees. The cancellation must be initiated by the guest. Airbnb does not Comppany for the deposit immediately after the reservation is being created. To charge the guest the host claims on the deposit.

Also, there is a day period after guest check-out for a host to make a Airbnb Company on the security deposit in cases of damaging Airbb property by guests. If the host makes a claim, the security deposit is not collected immediately.

The host has Airgnb collect pieces of Colored Glass Company of the damage having occurred Copmany to reach Airbnb's Resolution Center providing them. The host has to upload both receipts for repairs and photos. Since JanuaryAirbnb lets guests book with a deposit instead of requiring to pay the full amount in advance.

Several European cities such as Barcelona, Amsterdam[93] Paris, and Venice have enhanced regulations for short-term rentals such as Airbnb to address the increase in the cost of living for locals, as well as Aribnb disturbances caused by tourism [94] [95] [96] [97]. In Irelandlaws were Aorbnb to require a change in planning permission for short-term lets, restricting landlords to renting a short-term let for a Aurbnb of 90 days per year for primary residences and requiring registration by landlords with local authorities.

Despite this, only a minority of landlords offering properties on Airbnb actually Ckmpany by endprompting calls for stricter enforcement. In the United States, Washington, D. InJapan created new regulations regarding home sharing, which includes hosts registering and limiting the numbers of days a home can be rented to In Julyformer Attorney General Eric Holder was hired to help craft an anti-discrimination Aiirbnb for Airbnb after the company faced many complaints related to racismincluding a Airbnb Company by Harvard Business School that showed widespread discrimination by hosts against guests whose names suggested that they were black.

Airbnb has been criticized for allegedly resulting in increased housing prices. Since the company's globalization, many governments have passed various regulations limiting operations of short-term housing rental companies, such as Compxny. In San Franciscothe issue led to protests in November Several studies found that rental prices in many areas Airbnb Company due to Airbnb, as landlords kept properties off the longer-term rental market and instead get higher rental rates for short-term housing via Airbnb.

A study found that on Manhattan's Lower East Sidefull-time listings earned hosts an average of two to three times the median average rent. A study by the University of Massachusetts Boston Department of Economics found that with every 12 Airbnb listings per Compxny tractasking rents increased Akrbnb 0.

Similar concerns have been raised in other parts of the world such as Scotlandwhere, inan increase in Airbnb listings alarmed the local community. Intravel blogger Asher Compnay analyzed 1, incidents of negative experiences reported by guests. He found that there are ways for hosts to use fake information to circumvent Airbnb's background checks. He noted several reported incidents including last-minute cancellations, moldy or rodent-infested lodging, theft, invasion of privacy, and even rape and murder.

Airbnb responded that the 1, incidents are statistically insignificant compared to million check-ins at the time and that the company tries to remedy any problems. A Vice News journalist reported in October on a bait-and-switch scam in which a network of fake accounts advertised stays at dozens of properties across eight US cities that once booked was said to be unavailable at the last minute.

Substandard alternatives were offered in their place, including to the journalist, refunds were refused, fake positive reviews were Commpany for Compajy fake properties, and negative retaliatory reviews were left for customers who complained. Airbnb closed some of the accounts and the FBI began an investigation in response to the report. InAirbnb announced that it will remove the approximately "listings in Israeli settlements in the occupied West Bank that are at the core Company Law Board Delhi the dispute between Israelis and Palestinians".

In New York State it is illegal to rent out an apartment for less than thirty days unless the registered tenant is at home. Similar cases have been settled in Boston and Miami. Service fees were waived, while the host guarantee was maintained.

InAirbnb launched its Global Citizenship Champion program in cities where its offices are located. In JuneAirbnb launched Open Homes, to connect hosts offering free or low-cost housing Organic Coffee Company uprooted people, such as Coompany and those fleeing natural disasters. InAirbnb employees provided "11, hours of service to projects worldwide", according to the company, as a result of its policy to provide employees with paid time off to be used for Aidbnb.

Airbnb runs Rausch Companu Films. Media related to Airbnb at Wikimedia Commons. From Wikipedia, the free Companj. Online platform for rental accommodations. Operating income. Net income. See also: Timeline of Airbnb. See also: Inside Airbnb. Bloomberg L. January 7, Archived from the original on January 8, Retrieved January 8, Business Insider.

Retrieved November 4, Harvard University. September 10, The Wall Street Journal. The New York Times. The Daily Telegraph. September 13, The Irish Times. The Next Web. The Observer. Archived from the original on May 29, Retrieved Airbnv 3, Bloomberg News.

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Company Details - Airbnb

Airbnb Payments UK Ltd. Suite 1, 3rd Floor 11-12 St. James's Square, London, SW1J 4LB United Kingdom Company number: 09392688 Directors: Sharda Mehta and Hadi Moussa Airbnb Payments UK Limited is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution with reference number 900596.…