INSIDER
A criticized Airbnb deal will let users play gladiator in Rome's Colosseum
Read full article: A criticized Airbnb deal will let users play gladiator in Rome's ColosseumThe ancient Roman Colosseum will be the venue of gladiator fights for the first time in two millennia under a $1.5 million sponsorship deal with Airbnb.
Prince fans can party overnight like it's 1999 with Airbnb rental of 'Purple Rain' house
Read full article: Prince fans can party overnight like it's 1999 with Airbnb rental of 'Purple Rain' houseA few Prince fans visiting the superstar's hometown of Minneapolis may be lucky to stay at a place that will let them go crazy over his cultural legacy.
Airbnb's second-quarter profit fell 15% despite its revenue rising 11% on stronger bookings
Read full article: Airbnb's second-quarter profit fell 15% despite its revenue rising 11% on stronger bookingsAirbnb says its profit fell 15% in the second quarter from a year earlier, as higher income taxes cut into the short-term rental giant’s bottom line even as bookings and revenue rose.
Gov. DeSantis vetoes bill aimed at regulating vacation rentals
Read full article: Gov. DeSantis vetoes bill aimed at regulating vacation rentalsGov. Ron DeSantis on Thursday vetoed a measure aimed at regulating vacation rentals, saying the proposal would create “bureaucratic red tape” for local officials.
Attorney for family of teen who drowned in Orange Park Airbnb pool urges company to enhance safety policies
Read full article: Attorney for family of teen who drowned in Orange Park Airbnb pool urges company to enhance safety policiesLawyers representing the family of a teen who drowned in a pool at an Orange Park Airbnb want to warn others about the dangers of pools at short-term vacation rentals.
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Read full article: Airbnb shares slide on lower revenue forecast despite a doubling of net incomeAirbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading.
Want to spend the night in a Paris museum or a house owned by Prince? Airbnb plans to list them
Read full article: Want to spend the night in a Paris museum or a house owned by Prince? Airbnb plans to list themAirbnb says it's going to give customers a chance at overnight stays in a Paris museum, a bedroom filled with Ferrari racing cars, and other exotic settings.
Airbnb announces ban on indoor security cameras, cites privacy concerns
Read full article: Airbnb announces ban on indoor security cameras, cites privacy concernsVacation rental company Airbnb announced that it will ban the use of cameras inside its listings regardless of their location, purpose, or prior disclosure.
Airbnb updates policy on security cameras. Do you have privacy concerns with vacation rentals?
Read full article: Airbnb updates policy on security cameras. Do you have privacy concerns with vacation rentals?Airbnb updated its policy on security cameras this week and now bans the use of all indoor security cameras in its listings worldwide.
Airbnb is banning the use of indoor security cameras in the platform's listings worldwide
Read full article: Airbnb is banning the use of indoor security cameras in the platform's listings worldwideAirbnb says it’s banning the use of indoor security cameras in listings on its site around the world by the end of next month.
Could carbon monoxide turn your vacation toxic?
Read full article: Could carbon monoxide turn your vacation toxic?Very few travelers consider the possibility of carbon monoxide poisoning in their hotel or Airbnb, but just in the past year, carbon monoxide leaks at six U.S. hotels killed two and injured at least 35.
Airbnb agrees to pay $621 million to settle a tax dispute in Italy
Read full article: Airbnb agrees to pay $621 million to settle a tax dispute in ItalyShort-term rental platform Airbnb has agreed to pay 576 million euros ($621 million) to settle a years-long dispute over unpaid taxes in Italy but won’t try to recover the money from its hosts.
Eviction lawsuits linked to 4 apartments leased by embattled Jacksonville businesswoman who’s accused of fraud
Read full article: Eviction lawsuits linked to 4 apartments leased by embattled Jacksonville businesswoman who’s accused of fraudThe News4JAX I-TEAM has uncovered several eviction lawsuits connected to local well-known entrepreneur Janay White.
There's too much guesswork in renting an Airbnb. The short-term rental giant is trying to fix that
Read full article: There's too much guesswork in renting an Airbnb. The short-term rental giant is trying to fix thatAirbnb says the biggest reason it loses some bookings to hotels is that people never know exactly what their Airbnb rental will look like until they check in.
Grandfather battling cancer among dozens who say they lost money investing with well-known Jacksonville entrepreneur
Read full article: Grandfather battling cancer among dozens who say they lost money investing with well-known Jacksonville entrepreneurOne day after a News4JAX I-TEAM investigation into a well-known Jacksonville entrepreneur accused of fraud, more investors came forward with the same story of thousands of dollars unaccounted for.
Investors who sank $100K into real estate, Airbnb programs accuse well-known Jacksonville entrepreneur of fraud
Read full article: Investors who sank $100K into real estate, Airbnb programs accuse well-known Jacksonville entrepreneur of fraudA well-known Jacksonville entrepreneur has been accused of fraud which has prompted her investors to file lawsuits with claims of bad business practices.
Airbnb profit jumps to $650 million in 2Q, as bookings increase and rental rates hold steady
Read full article: Airbnb profit jumps to $650 million in 2Q, as bookings increase and rental rates hold steadyAirbnb says its second-quarter profit rose more than 70% from a year ago to $650 million thanks to strong bookings for summer-vacation rentals.
Parents send out warning after their teen drowns in vacation home pool
Read full article: Parents send out warning after their teen drowns in vacation home poolA vacation that was supposed to be fun and relaxing for a family visiting from Virginia turned into a nightmare. The family’s 16-year-old son, Cameron Brown, drowned in their vacation rental’s pool.
The pub from ‘Ted Lasso’ is an Airbnb and you can win a chance to stay there for $13
Read full article: The pub from ‘Ted Lasso’ is an Airbnb and you can win a chance to stay there for $13Not only can you have a pint at the famous pub from the hit AppleTV+ show “Ted Lasso,” Airbnb is also giving the opportunity for fans of the award-winning TV show to actually stay at the pub.
Numerous drug arrests at Jax Beach Airbnb rental; 14 guns confiscated, police say
Read full article: Numerous drug arrests at Jax Beach Airbnb rental; 14 guns confiscated, police sayThe Jacksonville Sheriff’s Office announced Thursday the arrests of numerous people on drug charges, and the seizure of firearms from an Airbnb in Jacksonville Beach.
Family files lawsuit, says 19-month-old died after being exposed to fentanyl at Florida Airbnb
Read full article: Family files lawsuit, says 19-month-old died after being exposed to fentanyl at Florida AirbnbA Jacksonville attorney is cautioning vacation rental owners to make sure their rentals are clean after each guest leaves.
Living out a childhood fantasy: Guests to enjoy overnight stay on iconic boat from children’s series
Read full article: Living out a childhood fantasy: Guests to enjoy overnight stay on iconic boat from children’s seriesTheodore TOO, currently stationed in Hamilton, Ontario, will be open for Airbnb stays on Saturday and Sunday.
Obama, Airbnb's Brian Chesky launch $100M in scholarships
Read full article: Obama, Airbnb's Brian Chesky launch $100M in scholarshipsThe co-founder and CEO of Airbnb, Brian Chesky, has donated $100 million to the Obama Foundation to fund scholarships for students pursuing careers in public service and includes multiple stipends for travel.
Kamala Harris art, 'Daily Show' lead Anthem Awards finalists
Read full article: Kamala Harris art, 'Daily Show' lead Anthem Awards finalistsAn art installation inspired by Vice President Kamala Harris, The New York Times’ “The 1619 Project” and “The Daily Show with Trevor Noah,” as well as charitable programs from Airbnb, Google, PayPal and the National Football League, are among the finalists for the inaugural Anthem Awards announced Tuesday.
I stayed at a ‘haunted’ Airbnb for two nights and this is what happened
Read full article: I stayed at a ‘haunted’ Airbnb for two nights and this is what happenedTo some, staying in a haunted hotel or Airbnb is a bucket list experience, but when I found out my friends booked an Airbnb in a building that used to be a psychiatric hospital, all I could think was that some ghosts were going to visit me at night.
Georgia scout troops arrive to empty lots, not Airbnb rentals in Florida Keys
Read full article: Georgia scout troops arrive to empty lots, not Airbnb rentals in Florida KeysTwo groups of Boy Scouts from Georgia, 24 of them to be exact, had a sour start to a trip to the Florida Keys when they found out the Airbnb house they had rented didn’t exist, WSVN reports.
Airbnb reports 1Q loss of nearly $1.2 billion, revenue rises
Read full article: Airbnb reports 1Q loss of nearly $1.2 billion, revenue risesAirbnb says it lost nearly $1.2 billion in the first quarter, about three times as much as it lost a year ago, as travel remains depressed because of the pandemic.
Airbnb reports huge loss in first time out as public company
Read full article: Airbnb reports huge loss in first time out as public companyHome-sharing site Airbnb posted a $3.9 billion loss in the fourth quarter of 2020 as it suffered from the pandemic downturn in travel and recorded one-time costs for becoming a public company. (AP Photo/Eric Risberg, File)Home-sharing site Airbnb posted a $3.9 billion loss in the fourth quarter of 2020 as it suffered from the pandemic downturn in travel and recorded one-time costs for becoming a public company. In results released Thursday — Airbnb's first as a publicly traded entity — the company took a charge of $2.8 billion for stock compensation related to the IPO. The company did say revenue will not decline as much in the current quarter as it did in the fourth quarter of last year. Since the start of the pandemic, Airbnb has shifted its focus to beach towns and mountain destinations — outdoorsy places where the risk of contracting the coronavirus is perceived to be lower.
Airbnb to block, cancel DC bookings ahead of inauguration
Read full article: Airbnb to block, cancel DC bookings ahead of inaugurationAirbnb says it will be blocking and cancelling reservations in the Washington, D.C. area during the week of the presidential inauguration. (AP Photo/Mark Lennihan)NEW YORK – Airbnb said Wednesday it will be blocking and canceling all reservations in the Washington, D.C., area during the week of the presidential inauguration. But over Presidents' Day weekend, the site lists more than 300 rentals in the Washington area. Meanwhile, a hotel labor union representing 7,200 hotel workers in the Washington area, called for hotel closures in the area to protect staff and the public. Marriott International said Wednesday that its hotels in the Washington area will remain open leading up to and through the inauguration.
Airbnb banning rioters, hate groups ahead of inauguration
Read full article: Airbnb banning rioters, hate groups ahead of inaugurationAirbnb said Monday, Jan. 11, 2021, that its reviewing reservations in the Washington, D.C., area ahead of the upcoming presidential inauguration and will bar any guests associated with hate groups or violent activity. (AP Photo/Eric Risberg, File)Airbnb said Monday that it’s reviewing reservations in the Washington, D.C., area ahead of next week’s presidential inauguration and will bar any guests associated with hate groups or violent activity. Airbnb said it will warn all guests in the Washington region that it may bring legal action against them if they are members of hate groups or if they plan violent activities. Airbnb said it’s also banning from its platform anyone who engaged in criminal activity in last week’s riot at the U.S. Capitol. Democratic President-elect Joe Biden was the biggest recipient of Airbnb donations.
Asian stocks mixed after Wall St falls on virus pressure
Read full article: Asian stocks mixed after Wall St falls on virus pressureA woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, Dec. 11, 2020. Asian stock markets were mixed Friday after Wall Street sank following signs damage to the U.S. economy from the coronavirus is worsening while Congress is deadlocked over possible new aid. (AP Photo/Kin Cheung)Asian stock markets were mixed Friday after Wall Street sank following signs damage to the U.S. economy from the coronavirus is worsening while Congress is deadlocked over possible new aid. Shanghai and Tokyo retreated while Hong Kong and Seoul gained. The Hang Seng in Hong Kong advanced 0.4% to 26.524.01.
Airbnb prices shares at $68 ahead of Thursday IPO
Read full article: Airbnb prices shares at $68 ahead of Thursday IPOThirteen years after its founders first rented air mattresses in their San Francisco apartment, Airbnb is making its long-awaited stock market debut. Airbnb had initially set a price range of $44 to $50 for it shares, but raised that to a range of $56 to $60 earlier this week, indicating rising investor demand. Airbnb’s listing comes a day after another San Francisco-based company, DoorDash, soared through its initial public offering. Its stock jumped 85.8% to close at $189.51 after the company priced shares at $102 each, raising $3.4 billion with its offering. Airbnb initially planned its IPO for the spring but shelved it when the pandemic ground global travel to a halt.
Blockbuster IPO market still calls for cautious approach
Read full article: Blockbuster IPO market still calls for cautious approachThe home sharing company raised $3.7 billion in the offering, making it the largest IPO of the year, according to Renaissance Capital. “This year had a lot of large IPOs,” said Matthew Kennedy, senior IPO market strategist at Renaissance Capital. Some 19 company IPOs have brought in over a billion dollars, including DoorDash and Airbnb. Still, individual investors may want to consider waiting a few days after a company has its IPO, if not longer. The Renaissance IPO ETF, which tracks an index that holds companies that have had an IPO within the last two years, giving more weight to bigger ones, is up 108% this year.
Blockbuster IPO market still calls for cautious approach
Read full article: Blockbuster IPO market still calls for cautious approachDoorDash shares surged nearly 86% above their offering price of $102 in their market debut Wednesday. Airbnb’s own market debut on Thursday could end up blowing past that. “This year had a lot of large IPOs,” said Matthew Kennedy, senior IPO market strategist at Renaissance Capital. Airbnb put off a market debut in the spring when the pandemic crippled global travel. Uber, which raised $8.1 billion in its market debut last year, has yet to get out of the red.
DoorDash delivers 86% gain in stock market debut
Read full article: DoorDash delivers 86% gain in stock market debutDoorDash shares soared in its initial public offering Wednesday, capping a year of explosive growth for the food delivery company. Powering that service are 1 million delivery drivers, who are independent and not considered DoorDash employees. But lockdown orders and the closure of indoor dining have made DoorDash indispensable for many restaurants and diners this year. DoorDash now controls 50% of the U.S. food delivery market. Skeptics thought the economics of food delivery would fall apart in less dense areas, because there was lower demand.
Airbnb hikes share price ahead of expected IPO this week
Read full article: Airbnb hikes share price ahead of expected IPO this weekAirbnb has raised the price of its shares ahead of its initial public offering this week, betting investors will pay more given its resiliency during the pandemic. In a government filing Monday, Airbnb said it expects to price its shares between $56 and $60 each, up from a range of $44 to $50 earlier this month. Airbnb is expected to issue a final share price late Wednesday ahead of its Thursday IPO on the Nasdaq Stock Market. The new price would let the San Francisco-based home sharing company raise up to $3.4 billion in the offering. Airbnb has more than 7 million listings on its platform, run by 4 million hosts worldwide.
Airbnb hopes to raise up to $2.6B in mid-December IPO
Read full article: Airbnb hopes to raise up to $2.6B in mid-December IPOAirbnb hopes to raise as much as $2.6 billion in its initial public stock offering this month, betting investors will see its home-sharing model as the future of travel. It’s a remarkable comeback for the company that delayed its IPO when the coronavirus pandemic crippled global travel in the spring. Airbnb has more than 7 million listings on its platform, run by 4 million hosts worldwide. But Airbnb has recovered more quickly than traditional hotels as travelers seek whole homes in rural areas far from crowds. Airbnb said it also expects more business people will book vacation rentals, since many can now work from home.
Airbnb details years of losses ahead of planned IPO
Read full article: Airbnb details years of losses ahead of planned IPOThe San Francisco-based company has yet to set a date for the IPO but it is laying the groundwork by filing financial records with U.S. securities regulators. Its revenue jumped 32% to $4.8 billion in 2019, but it reported a net loss of $674 million that year. Airbnb said it currently has 7.4 million listings run by 4 million hosts worldwide. Earlier this year, hosts were infuriated when Airbnb allowed guests to cancel and get full refunds amid the pandemic. Airbnb later promised $250 million to hosts to make up the shortfall.
Airbnb requires hosts to commit to enhanced cleaning
Read full article: Airbnb requires hosts to commit to enhanced cleaningAirbnb said Thursday it will require hosts to comply with enhanced cleaning procedures as part of its effort to reassure guests and local officials during the coronavirus pandemic. Hosts in China are exempt because have their own local cleaning program, the company said. Airbnb is no longer requiring hosts to leave their rentals vacant for at least 24 hours between guests, as it did in April. San Francisco-based Airbnb said nearly 1.5 million listings have signed on to the enhanced cleaning standards since they were introduced in June. The company has also been removing party houses from its platform after a shooting last year at an unauthorized Halloween party in California.
Spend the night in Hell at this Michigan Airbnb
Read full article: Spend the night in Hell at this Michigan AirbnbHell, Mich. – To celebrate Halloween, Airbnb wants you to go to Hell... Michigan! Guests can now book an Airbnb for a “Hell on earth” tiny home in the small town. It’s been dubbed the “Spookiest Airbnb Stay on Earth.”The house for two includes a fire pit, outdoor movie screen for scary movies, a queen of the damned bed and gothic sitting area, Airbnb said. The “Mayor” of Hell Invites You to the Spookiest Airbnb Stay on EarthThe self-proclaimed mayor of the unincorporated town, John Colone, is offering his “Mayor’s Lair” for three nights in October. Would you like to spend a night in Hell?
Airbnb blocking some rentals over Halloween to halt parties
Read full article: Airbnb blocking some rentals over Halloween to halt partiesAirbnb will prohibit one-night rentals over Halloween weekend as part of its ongoing effort to crack down on party houses. Five people were killed in the shooting, which happened during an unauthorized Halloween party. San Francisco-based Airbnb said it will ban one-night rentals of entire homes in the U.S. and Canada on Oct. 30 or Oct. 31. Previously booked one-night rentals will be canceled and Airbnb will offer refunds. And in August, Airbnb banned parties worldwide and limited occupancy at its rentals to 16 people.
Partys over: Airbnb cracks down on Florida party houses, including Jacksonville
Read full article: Partys over: Airbnb cracks down on Florida party houses, including JacksonvilleDUVAL COUNTY, Fla. Airbnb has initiated a crackdown on party houses throughout Florida, including some in Duval County, the company announced on Thursday. More than 40 listings across the state were suspended from the Airbnb platform after violating party policies, Airbnb said. The rental platform changed its policies worldwide last year to ban parties at Airbnb listings until further notice. The vast majority of hosts in Florida contribute positively to their neighborhoods and economy, and they also take important steps to prevent unauthorized parties -- like establishing clear house rules, quiet hours, and communicating in advance with their guests, Airbnb said. For more information, click here.
Florida lawmakers push vacation rental bill forward
Read full article: Florida lawmakers push vacation rental bill forwardTALLAHASSEE, Fla. – Local governments could lose what little control they have over short-term vacation rentals such as Airbnb under a bill that passed Thursday through its final House committee. Homeowners who have had bad experiences living next to the rentals worry the state won’t be able to address their individual concerns. The authority to license and inspect short-term rentals would be placed under the state Department of Business and Professional Regulation if the bill becomes law. Local governments could also still regulate short-term rentals to some degree, as long as any ordinance they pass applies to all homes the same, short-term rental or not. “We’re kind of stuck.”Any ordinances regulating short-term rentals passed before 2011 would not be affected by the legislation.
St. Augustine city leaders consider set of rules for Airbnb and other vacation rentals
Read full article: St. Augustine city leaders consider set of rules for Airbnb and other vacation rentalsSt. Augustine city leaders consider set of rules for Airbnb and other vacation rentalsPublished: December 9, 2019, 10:52 pmCity leaders are taking up a set of rules for Airbnb and other vacation rentals in the nation’s oldest city.
Jaipur's royal family lists Airbnb's first royal property
Read full article: Jaipur's royal family lists Airbnb's first royal propertyJAIPUR, India - Airbnb has taken its luxury listings to a new level, introducing their first royal property in Jaipur, India. The Jaipur royal family has listed a room in their stunningly ornate 300-year-old City Palace of Jaipur on Airbnb for $7,983 per night. The residence was built in 1727 by Maharaja Sawai Jai Singh II, the royal founder of the city of Jaipur, and still houses the city's royal family today. Though India is now a democratic republic, the royal family still holds prominence in the region's rich history and traditions. The listing offers an intimate look into the heritage and traditions of the royal family and the city of Jaipur.
Airbnb bans 'party houses' following Calif. shooting
Read full article: Airbnb bans 'party houses' following Calif. shootingCNN Video(CNN) - Airbnb is cracking down on unauthorized house parties after five people were shot and killed at a Halloween party at an Airbnb rental house, the company's CEO announced Saturday,The company is banning "party houses," CEO Brian Chesky announced Saturday on Twitter, in reference to Thursday evening's shooting. "Second, we are creating a dedicated "party house" rapid response team. The shooting occurred during a Halloween party Thursday night. Three people died at the scene and two others died at the hospital, according to the sheriff's office. The incident is under investigation and no suspects have been arrested, according to the sheriff's office.
Airbnb hosts offer free housing to California fire evacuees
Read full article: Airbnb hosts offer free housing to California fire evacueesThose who aren't already Airbnb hosts may make a verified Airbnb account and list their home. Through Open Homes, Airbnb organizes relief stays for people needing a home or bed in the face of natural disaster, war, conflict, or other disastrous events. "Hosts can play an important role in their community's response and recovery just by offering their extra space," according to the Open Homes website. Participating hosts list their homes for free on the website and Airbnb waives all booking fees. Once hosts opt into the program, their home appears available on the Open Homes booking tool to all those from the affected area.
Here's how you can help California's wildfire victims
Read full article: Here's how you can help California's wildfire victimsSAN FRANCISCO - California's wildfires have forced hundreds of thousands of people from their homes as firefighters battle historically dire conditions. While families scramble to find shelter, several funds have been set up to help evacuees deal with the anticipated damage they'll face when they return to their homes and businesses. The United Way of the Wine Country set up the Kincade Fire Emergency Relief and Recovery Fund to help victims both in the short and long-term. The Red Cross has opened multiple shelters while the Salvation Army is providing meals, emotional and spiritual support to evacuees. The Red Cross also has a "Safe and Well List" to mark yourself safe or check on loved ones.
British couple spends $11,800 on Airbnb rental that doesn't exist
Read full article: British couple spends $11,800 on Airbnb rental that doesn't existIan and Denise Feltham, a couple from the UK, made vacation plans based on an Airbnb listing for a property that apparently didn't exist. IBIZA, Spain - Ian and Denise Feltham, a couple from the UK, made vacation plans based on an Airbnb listing for a property that apparently didn't exist. The dog-friendly listing -- the Felthams were traveling with their two Yorkshire terriers -- seems to have been based on a real apartment. The Las Boas staff member called the Airbnb listing a "fake," saying no such property even exists among the 40 units we saw on Las Boas' website. Ian Feltham has confirmed to CNN that photos on Las Boas' website match photos posted with the Airbnb listing he and his wife booked.
Airbnb plans to go public in 2020
Read full article: Airbnb plans to go public in 2020Slack's stock took a beating after its first earnings report as a public company earlier this month. Airbnb, which was valued at about $31 billion in its most recent private fund-raising round, didn't reveal how it plans to list its shares. Airbnb is one of the most well-known so-called unicorns, or startups valued at over $1 billion. This year has seen a number of high profile IPOs, including from Uber, Lyft, Zoom, Slack and Pinterest, so Airbnb has likely faced questions over the timing of its offering. In June, the company announced it was adding Airbnb Adventures trip packages in locations around the world to its platform.
Airbnb offering free housing to Hurricane Dorian evacuees, relief workers
Read full article: Airbnb offering free housing to Hurricane Dorian evacuees, relief workersJACKSONVILLE, Fla. - If you need to evacuate, but need some help, Uber and Airbnb have programs in place to help. Uber is offering FREE rides to people who need to get to a shelter. You can use the code "Dorian Relief" and select your shelter. Airbnb is offering more than 800 free places for evacuees to stay in Florida, Georgia, North Carolina, South Carolina and Alabama. As of Monday morning, more than 30 Airbnb locations around Florida were available, the Miami Herald reported.
New websites lets you rent swimming pools by the hour for you and your friends
Read full article: New websites lets you rent swimming pools by the hour for you and your friendsSwimply allows users to look up private pools in major cities that are available to rent by the hour. It's a great way for people who don't own pools to have a little summer fun, and it gives pool owners a way to earn some extra income. The company currently has pools available in 20 states across the United States, with more to come as the website becomes more popular. The price to rent a pool by the hour isn't as expensive as you might believe. If you split the cost among a couple of friends it won't be wildly expensive.
Airbnb launches $1,000+ per night luxury rental tier
Read full article: Airbnb launches $1,000+ per night luxury rental tierAirbnb/CNN(CNN) - Penthouses and chateaux are a far cry from the sofas and spare rooms that launched vacation rental behemoth Airbnb. Eleven years after Airbnb founders Brian Chesky and Joe Gebbia invited renters to sleep on air mattresses in their San Francisco apartment, Airbnb has launched an exponentially more luxurious tier of rental properties with Airbnb Luxe. The 2,000 newly listed properties were drawn from Luxury Retreats, a separate rental site acquired by Airbnb in 2017. Airbnb Luxe marks a shift in strategy for the company, which had originally intended to spin the luxury properties into a brand called Beyond by Airbnb. "And the truth is that we already had a great luxury brand in Luxury Retreats and the Airbnb brand itself is incredibly strong; it's one of our real differentiators.