Airbnb – leading business transformation through technology

Airbnb, founded in 2008, is an online marketplace with a mission to offer both short and long-term homestays and unique experiences to its consumers. The company offers a web-based platform that connects guests and hosts in various destinations across the world, where the hosts can list their properties, while guests can search, look up availability and prices, and book accommodation. Since its inception, Airbnb has had over 5 million hosts on its platform and has served over 1.5 billion guests across the world.

Disrupting the hospitality industry

Airbnb has reported a revenue of 8.4B USD in 2022 and boasts an 80B USD market capita [1]. For perspective, Airbnb’s revenue was 400M USD in 2014 and has had a multifold YoY growth. Airbnb disrupted the traditional hospitality industry in several ways, including fundamentally changing the way people travel and book accommodations. In a way, Airbnb became a hospitality...