Airbnb’s CEO Says He Desires to Make the App the Amazon of Journey

• Airbnb’s CEO desires the corporate to turn out to be the Amazon of journey.
• Brian Chesky stated the plan is for Airbnb to “be one place you go for your whole touring and residing wants.”
• The corporate is investing $200 to $250 million to launch the brand new choices on the app in Could.

Brian Chesky, the CEO of Airbnb, says he desires the corporate to turn out to be a journey Amazon — a one-stop store for every little thing associated to touring and residing.

In a Thursday earnings name, Airbnb’s chiefs stated the corporate plans to take a position $200 to $250 million in launching new companies and choices on the Airbnb app. The most recent choices will probably be rolled out in Could, Chesky stated.

Chesky stated the platform would “broaden past short-term leases into turning into an extensible platform with a spread of latest choices.”

“We would like the Airbnb app, sort of just like Amazon, to be one place you go for your whole touring and residing wants,” he stated. “A spot to remain is simply actually, frankly, a really small a part of the general equation.”

He likened Airbnb’s new enterprise to Amazon, saying that the e-commerce large began with books, expanded to the “nearest adjacency,” which was DVDs and CDs, and “fairly quickly they have been doing issues fairly far adjoining from media and books.”

Chesky added that one of many firm’s targets is to get individuals to make use of the Airbnb app extra usually.

“We’re not a really continuously used app. Folks sometimes use this a few times a 12 months, and I’d love for it to be at some point for individuals to make use of this a few times every week,” he stated.

The corporate reported revenues of $2.48 billion within the fourth quarter of 2024, up 12% from the identical interval in 2023. Its annual 2024 income was $11.10 billion, up 12% from 2023.

Airbnb’s inventory worth rose greater than 14% in after-hours buying and selling on Thursday.

Representatives for Airbnb didn’t reply to a request for remark from Enterprise Insider, despatched outdoors common enterprise hours.