In 2021, Airbnb generated enabled $46.9 Billion in Gross Booking Value, and it generated $6 Billion in service fee revenues. In 2021, there were $300.6 Million Nights and Experiences Booked, ad an average service fee of 12.78%, at an Average Value per Booking, of $155.94.
Key Facts
Total Revenues in 2021
$5.99 B
Net Losses in 2021
-$352 Million
Founders
Brian Chesky, Nathan Blecharczyk, Joe Gebbia
Year & Place Founded
August 2008, San Francisco, CA
Airbnb’s first investor
Y Combinator, on January 2009
Year of IPO
December 10, 2020
IPO Price
$146.00
Total Revenues at IPO
$2.5 billion as of Nine Months Ended on September 30, prior to the IPO
Airbnb Employees
6,132 employees in 27 cities around the world
Revenues per Employee
$977,129.81
Key Financial Facts (Analysis by FourWeekMBA)
2021
Gross Booking Value
$46.9 Billion
Revenue
$6 Billion
Nights and Experiences Booked
$300.6 Million
Average Service Fee
12.78%
Average Value per Booking
$155.94
Airbnb is a platform business model making money by charging guests a service fee between 5% and 15% of the reservation, while the commission from hosts is generally 3%. For instance, on a $100 booking per night set by a host, Airbnb might make as much as $15, split between host and guest fees. The Airbnbstory began in 2008 when two friends shared their accommodation with three travelers looking for a place to stay. Just over a decade later, it is estimated that the company now accounts for over 20% of the vacation rental industry. As a travel platform, Airbnb competes with other brands like Booking.com, VRBO, FlipKey, and given its massive amount of traffic from Google. Also, platforms like Google Travel can be considered potential competitors able to cannibalize part of Airbnb’s market.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
