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Airbnb said that it will roll out what it calls “Guest Favorites” this week. He said the unpredictability of listings is the biggest reason why someone would choose a hotel room over Airbnb. Airbnb is also encouraging hosts to create photo tours of their property, which Chesky said will use AI to organize photos by room. Earlier this year, Airbnb began discouraging hosts from charging exorbitant cleaning fees, a major complaint of users. The site lets visitors filter searches by all-in pricing, which includes the fees, although it is not the default setting.

Persons: Airbnb, Brian Chesky, Chesky, “, ” Chesky, ”

SAN FRANCISCO (AP) — Airbnb said Wednesday it earned $4.37 billion in the third quarter as it booked a large tax benefit and posted higher-than-expected revenue during the summer travel season. Airbnb said that excluding the tax benefit, net income would have been $1.6 billion, up from $1.2 billion a year earlier. Revenue rose 18% to $3.4 billion as the company saw a 14% increase in bookings and slightly higher average prices for short-term rentals. Analysts expected the San Francisco company to post revenue of $3.37 billion, according to a FactSet survey. Political Cartoons View All 1230 ImagesAirbnb predicted fourth-quarter revenue between $2.13 billion and $2.17 billion, below Wall Street's forecast of $2.18 billion.

Persons: — Airbnb, Airbnb, Brian Chesky, ” Chesky Organizations: FRANCISCO, Revenue Locations: San Francisco, Asia, America

☆ Airbnb beats on revenue but offers weaker-than-expected guidance
▼ + stars: | 2023-11-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Airbnb shares slipped more than 3% in after-hours trading Wednesday after the company reported stronger than expected revenue, buoyed by currency tailwinds, but provided weaker-than-expected guidance for the upcoming fiscal quarter. That may not be comparable to the $2.10 expected by analysts according to LSEG, formerly known as Refinitiv Revenue: $3.40 billion, vs. $3.37 billion expected. Excluding that one-time benefit, the company reported quarterly net income of $1.61 billion compared to $1.21 billion in the year-ago quarter. Revenue grew 18% year-over-year, the company said. The company guided to $2.13 billion to $2.17 billion in fourth-quarter revenue, representing year-over-year growth ranging from 12% to 14%.

Persons: Brian Chesky, Airbnb, LSEG Organizations: Airbnb, CNBC, New York Stock Exchange, Revenue Locations: U.S

☆ Self-made millionaire: If you want a 'game-changing' side hustle or business, study this one CEO very closely
▼ + stars: | 2023-10-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Plenty of side hustles and businesses become lucrative because they fix an unsolved problem, or improve something that already exists. If that seems easier said than done, there's a simple solution: Study people who've fixed other unsolved problems before, self-made millionaire and RSE Ventures CEO Matt Higgins said at the CNBC Make It: Your Money virtual event last week. Higgins pointed to one particular billionaire as an example: Airbnb CEO Brian Chesky, who accidentally co-founded his company while brainstorming ways to pay rent in 2007. Chesky and one of his co-founders booked out air mattresses to strangers who were in San Francisco for a design conference. Pay attention to your surroundings, and ask yourself if your solutions to everyday problems are replicable, Higgins said.

Persons: Matt Higgins, Higgins, Brian Chesky, Uber Organizations: RSE, CNBC Locations: San Francisco

☆ NYC Airbnb crackdown heats up: First property manager sues the short-term-rental giant under new rules
▼ + stars: | 2023-10-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

A property manager is suing their tenant for listing a rental on Airbnb citing the city's new rules. It's a test of how effective the strict licensing requirements are for short-term rentals in NYC. AdvertisementAdvertisementNew York City's new short-term-rental regulations are being put to the test, raising the question of whose job it is to enforce the crackdown. AdvertisementAdvertisementBut the property manager also blames Airbnb for letting the rental advertise on the platform in the first place. Licenses are a popular tool for regulations, as cities from Memphis to Montreal crack down on short-term rentals.

Persons: It's, —, They've, Airbnb, Michael A, Rosenberg, Pensabene, Brian Chesky Organizations: Service, Canvas, Apple, New Locations: New York City, New York County, Airbnb, Memphis, Montreal, Philadelphia, New York, Paris

☆ Airbnb boss Brian Chesky says he personally called CEOs he knew to ask if they could hire the thousands of staff he laid off during the pandemic
▼ + stars: | 2023-10-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Airbnb CEO Brian Chesky made the tough decision to lay off 1,900 staff during the pandemic. Chesky made an alumni directory for laid off Airbnb staff so recruiters could connect with them. Chesky explained to Bartlett that he wanted people to leave with "dignity" and have the chance to get good roles. When describing the layoffs, Chesky said it was like "breaking up with 2,500 people," and said that he had a "deep feeling of love for all of them," referring to his employees. During its pandemic layoffs, Airbnb's severance packages were substantial .

Persons: Brian Chesky, Chesky, —, Steven Bartlett, Airbnb, Bartlett, I'm, Elon Musk, Musk, they'd Organizations: Service, Software

☆ The CEO of Airbnb says Barack Obama gave him one piece of advice about love and friendship after a breakup
▼ + stars: | 2023-10-10 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Brian Chesky says Barack Obama gave him some post-breakup advice, saying he didn't need another relationship. AdvertisementAdvertisementAirbnb CEO Brian Chesky says he received a piece of advice about love and friendship from the former president after a breakup in 2021. Speaking on the Diary of a CEO podcast on Monday, Chesky recounted how he sought advice from Obama in 2021. The two have known each other since at least 2015, when Obama named Chesky a Presidential Ambassador for Global Entrepreneurship. Chesky and Obama did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Brian Chesky, Barack Obama, Chesky, —, Obama, podcaster Steven Bartlett, Airbnb, isn't, Vivek Murthy, Insider's Rebecca Ungarino Organizations: Service, Global Entrepreneurship, Obama, Bloomberg, Obama Foundation, Public Service, Psychological Locations: Cuba

☆ Airbnb could offer year-long rentals, says CEO, even as cities around the world crack down on rentals
▼ + stars: | 2023-10-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Airbnb is facing crackdowns around the world as cities say it is making housing shortages worse. AdvertisementAdvertisementAirbnb could move away from short-term getaways in favor of offering rentals for an entire year, the company's CEO has said. Brian Chesky described offering year-long rentals as a "huge opportunity" for Airbnb in an interview with the Financial Times. He suggested Airbnb could start hosting dining pop-ups, and that car rentals would be "the next thing" for the company to tackle. The move towards encouraging longer rentals is likely to face opposition from the growing list of major cities cracking down on Airbnb amid fears the platform is exacerbating housing shortages and pushing up rents.

Persons: Brian Chesky, —, Chesky, Airbnb Organizations: Financial Times, Service, Financial, York, London Locations: Airbnbs, Bologna, Florence, Airbnb

☆ Hosts are eager for more support after Airbnb CEO Brian Chesky says 'we need to get our house in order'
▼ + stars: | 2023-10-03 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

Airbnb CEO Brian Chesky called out his own company in an interview with Bloomberg published Monday. AdvertisementAdvertisementAirbnb CEO Brian Chesky says it's time for the company to "get our house in order," in an interview with Bloomberg, and short-term rental hosts are thrilled. Airbnb host Ric Kenworthy, who manages over 90 properties in Arizona, says Chesky's comments were a long time coming. Chesky's site is a marketplace that connects hosts and travelers, and the CEO is struggling to keep both sides happy. As travelers continue to book short-term rentals, Chesky acknowledged the company "never fully built the foundation" needed for the current size of the company.

Persons: Brian Chesky, —, Ric Kenworthy, Jen Kelman, that's, Chesky, Airbnb, Melinda Johnson, Johnson, Kelman, Katie Kay Mead Organizations: Bloomberg, Service, Airbnb Locations: Arizona, Airbnb, Tennessee, , Arizona, Arrowhead , California

☆ The CEO of Airbnb wants you to charge less for your house
▼ + stars: | 2023-10-03 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Airbnb CEO Brian Chesky thinks hosts on his platform should lower their prices. "We want prices to move and to be more competitive vis-à-vis a hotels—that is really important," said Chesky. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementAirbnb CEO Brian Chesky has a message for hosts on his platform: lower your prices.

Persons: Brian Chesky, —, Chesky, Jamie Lane, AirDNA Organizations: Service, Bloomberg, Airbnb

☆ Airbnb says it's using AI to weed out guests who throw house parties
▼ + stars: | 2023-10-02 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Airbnb's CEO said it's using AI to identify which guests are likely to throw house parties. It's also using AI to verify if listing pictures submitted by hosts match up with satellite images. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementAirbnb's CEO revealed the company is using AI to identify which guests are likely to throw house parties before they secure a booking, Bloomberg reported Monday . Chesky did not go into particular technical detail of the firm's AI technology, but its use of AI to predict guests' rule-breaking behavior may raise eyebrows.

Persons: It's, —, Brian Chesky, Chesky Organizations: Service, Bloomberg

☆ Airbnb CEO urges Parisians to put homes up for rent for Olympics
▼ + stars: | 2023-09-26 | by ( Elizabeth Pineau | ) www.reuters.com time to read: +2 min

Paris' tourism office expects some 16 million people to visit the wider Paris region for the Olympics and Paralympics. If they put their (homes) on Airbnb and there is enough housing, prices will stay within reason," Chesky said. "If not enough people put their homes on Airbnb and people don't have enough ... hotels and they can't build more hotels, that's going to increase prices." "So while hotel prices are going up, I will make sure that Airbnb is more affordable than hotels for the equivalent amount of space when people are travelling for Paris for the Olympics. Reporting by Elizabeth Pineau; Writing by Ingrid Melander; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Emmanuel Dunand, Brian Chesky, Chesky, Elizabeth Pineau, Ingrid Melander, Alison Williams Organizations: Olympics, Rights, Reuters, Games, Thomson Locations: Paris, France, Airbnb

☆ Airbnb is cracking down on fake listings. The platform has removed 59,000 so far this year
▼ + stars: | 2023-09-20 | by ( Will Gendron | Associated Press | ) www.businessinsider.com time to read: +4 min

Airbnb is cracking down on fake listings. The platform said it had removed 59,000 fake listings this year and prevented another 157,000 from getting on the site. The company says it has removed 59,000 fake listings and prevented another 157,000 from joining the platform this year alone. Fake listings and high cleaning fees are among several issues that Airbnb users highlighted in a company survey, the rental platform said Wednesday. AdvertisementAdvertisementAside from fake listings, Airbnb has had to contend with more stringent regulations in places like New York City.

Persons: there's, Airbnb, Brain Chesky, Chesky Organizations: Service, Airbnb Locations: Wall, Silicon, United States, United Kingdom, U.S, Canada, France, Australia, New York City, San Francisco

☆ Airbnb CEO Brian Chesky: Hotel prices will 'probably rise' next year
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbnb CEO Brian Chesky: Hotel prices will 'probably rise' next yearAirbnb CEO Brian Chesky joins 'Squawk on the Street' to discuss the recent rollout of updates for listings and price and fee transparency, whether the company's current pricing trajectory will continue, and more.

Persons: Brian Chesky

☆ Meet Airbnb's official party pooper, who reduced partying by 55% in two years
▼ + stars: | 2023-09-19 | by ( Hayden Field | ) www.cnbc.com time to read: +15 min

In this article ABNB Follow your favorite stocks CREATE FREE ACCOUNTNaba Banerjee, Airbnb Source: Prashant Joshi | AirbnbNaba Banerjee is a proud party pooper. In June, the company was sued by a family who lost their 18-year-old son in a shooting at a 2021 Airbnb party. Airbnb's party problem was complex, and in some ways, she didn't know where to start. There's just one problem: Airbnb's AI system is working against you from the second you sign on. Zoom In Icon Arrows pointing outwards Airbnb's reservation screening system in action.

Persons: Naba Banerjee, Prashant Joshi, Airbnb Naba Banerjee, she's, It's, Banerjee, —, Airbnb, Nate Blecharczyk, strategizing, Covid, she'd, He'd, riskiest, They're, Brian Chesky, he'd Organizations: Airbnb, Day, Labor, CNBC, Australia Locations: Australia, Airbnbs, North America, Kolkata, India, U.S, Canada, Asia, Texas

☆ Frontier Airlines CEO says the pandemic made workers 'lazy' and less productive: 'People are still allowing people to work from home, all this silliness, right?'
▼ + stars: | 2023-09-15 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +6 min

Frontier Airlines CEO Barry Biffle criticized remote work, saying the pandemic made people lazy. Biffle joins a growing list of execs critical of remote work, including Elon Musk and David Solomon. Frontier Airlines CEO Barry Biffle criticized working from home while speaking at Morgan Stanley's Laguna Conference this week, saying the pandemic made people lazy and that workers have gotten less productive as a result. AdvertisementAdvertisement"This is not ideal for us, and it's not a new normal," Solomon said at a conference in February 2021 regarding remote work, Bloomberg reported. AdvertisementAdvertisementAs the debate over working from home continues, there have been conflicting conclusions from studies on whether remote work is conducive to productivity.

Persons: Barry Biffle, Biffle, Elon Musk, David Solomon, they're, We're, Biffle isn't, Elon, Tim Gurner, Alexandria Ocasio, COVID, Gurner, Goldman Sachs, it's, Solomon, Mark Zuckerberg, Meta, Zuckerberg, Brian Chesky, Airbnb, Prithwiraj Choudhury Organizations: Frontier, Elon, Service, America . Frontier Airlines, Morgan, Laguna Conference, Frontier Airlines, Meta, Apple, Google, CNBC, Millionaire, Bloomberg, Engineers, Harvard Business School, Companies, Street Journal, Research Locations: Wall, Silicon, America, Cortez, Australia, Airbnbs, India

☆ Airbnb adds Google's 'AI ambassador' to its board of directors
▼ + stars: | 2023-09-11 | by ( Deirdre Bosa | ) www.cnbc.com time to read: +1 min

Airbnb is adding James Manyika, Google's "AI ambassador," to its board of directors, the company said Monday. Manyika's addition underscores CEO Brian Chesky's ambitions in artificial intelligence, which Chesky has said will radically change the Airbnb platform by 2024. As Google's head of Research, Technology and Society, Manyika reports to CEO Sundar Pichai and focuses on how tech affects user's daily lives. Increasingly, that encompasses the company's AI research and products. With Manyika on the board, Chesky gains a powerful voice that sits at the intersection of AI and society.

Persons: James Manyika, Brian Chesky's, Chesky, Sundar Pichai, Belinda Johnson Organizations: Research, Technology, Society, National AI Advisory, McKinsey & Company

☆ Airbnb CEO shares the No. 1 thing people get wrong about success: I thought 'everything in my life would be fixed'
▼ + stars: | 2023-09-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Even as Airbnb's popularity and private valuation soared throughout the 2010s, Chesky didn't feel successful, he said — and he thought taking the company public would help. The Airbnb CEO originally moved to Silicon Valley and started his company in 2008 with co-founders Joe Gebbia and Nathan Blecharczyk. In response, Chesky dedicated all his energy to making Airbnb more successful, hoping it'd fulfill him, he said. The ongoing research, which started in 1938, has found that career and financial success don't make participants feel more content. Six months later, the company launched its Airbnb Rooms service, which allows hosts to rent out individual bedrooms in their homes.

Persons: Brian Chesky, Dax Shepard's, Chesky, —, Joe Gebbia, Nathan Blecharczyk, it'd, Marc Schulz, Warren Buffett Organizations: Harvard University, Reuters, San Locations: Silicon Valley, San Francisco, Airbnb

☆ Chances are you haven’t used A.I. to plan a vacation. That’s about to change
▼ + stars: | 2023-08-14 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +1 min

Enter generative artificial intelligence — a technology set to simplify that process, and allow companies to better tailor recommendations to travelers' specific interests. The hope is that AI will not only plan itineraries, but communicate with hotels, draft travel budgets, even function as a personal travel assistant — and in the process fundamentally alter the way companies approach travelers. A typical home search on Airbnb, for example, produces results that don't take past searches into account. During an earnings call in May, CEO Brian Chesky discussed how AI could alter Airbnb's approach. He said: "Instead of asking you questions like: 'Where are you going, and when are you going?'

Persons: it's, —, Brian Chesky Organizations: Expedia Group

☆ Airbnb reports continued deceleration in nights and experiences booked
▼ + stars: | 2023-08-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Airbnb said it had 115.1 million nights and experiences booked during the quarter, up almost 11%, but less than the 117.6 million StreetAccount consensus. In a letter to shareholders, Airbnb said the nights and experiences booked number was up against a tough comparison. "We saw an improvement in year-over-year Nights and Experiences Booked growth during the quarter from 10% in April to 15% in June," the company said. Management called for a "modest" sequential acceleration in nights and experiences booked. During the quarter Airbnb introduced Rooms in an effort to play up the appeal of affordable private bedrooms to rent out, at $67 per night on average.

Persons: Brian Chesky, Airbnb, Gross, Refinitiv, Nick Gerli Organizations: StreetAccount, Management Locations: Los Angeles, North America

☆ Companies are paying up to $100,000 for extreme leadership training that has employees playing military games and pretending they are Tom Cruise in 'Top Gun'
▼ + stars: | 2023-08-03 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

Businesses are paying for extreme leadership trainings, including "Top Gun"-style flight simulations, The New York Times reported. "Unique and challenging activities can help bridge the gaps that hybrid and remote work cause," Kobi Regev, CEO of management-training company The Squadron, told Insider over email. Workshops begin at $390 a person, and prices vary based on duration, group size, and customer needs, a spokesperson for the Squadron told Insider. "NASCAR pit stops are a very simple process that must be performed in a specific order," Papathanassiou told Insider over email. So if you were thinking of planning a virtual happier — maybe find a race car to work on instead.

Persons: they've, Cali Williams Yost, Mark Zuckerberg, Brian Chesky, Regev, Andy Papathanassiou, Papathanassiou Organizations: New York Times, Nike, Pepsi, Bank of America, The New York Times, Times, Squadron, IBM, Dell, Nestle, Israeli Air Force, NASCAR

☆ Meet Ethan, an AI robot helping real estate companies decide what properties to buy
▼ + stars: | 2023-07-20 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

A generative AI tool is designed to help real estate firms decide which properties to buy and sell. The AI tool does the work of a real estate analyst. It then drafts memos recommending which properties real estate companies should buy and sell, Sahil Rattan, Termsheet's chief operating officer, told Insider. The client is looking to snap up commercial real estate properties whose prices have cooled from just a few years ago. Since the AI tool ChatGPT went live to the public in November, businesses in nearly every industry have been racing to capitalize on AI.

Persons: Ethan, Termsheet's, That's, Roger Smith, Smith, Airbnb, Brian Chesky, Chesky, ChatGPT Organizations: Service, RSM Locations: Wall, Silicon

☆ An Airbnb cofounder is on a roll — he got $3 billion richer and cashed in $1 billion worth of stock this year
▼ + stars: | 2023-07-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Airbnb cofounder Joe Gebbia sold over $1 billion in Airbnb Class A shares this year. The stock soared 70% this year, upping Gebbia's net worth to nearly $9 billion. Airbnb cofounder Joe Gebbia is on a roll his year as share prices of the home-sharing platform surge post-pandemic. He has sold nearly $1.4 billion worth of Airbnb stock so far, per Bloomberg. On Tuesday, the Nasdaq-listed Airbnb shares closed 0.8% higher at $146.53 apiece.

Persons: Joe Gebbia, Gebbia, Gebbia —, —, Brian Chesky, Nathan Blecharczyk, Airbnb Organizations: Airbnb, 251st, Bloomberg, Tesla, Nasdaq Locations: Airbnb, Samara

☆ Cramer's Lightning Round: Trip advisor isn't good enough
▼ + stars: | 2023-07-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Tripadvisor's year-to-date stock performance. Stock Chart Icon Stock chart icon Shockwave Medical's year-to-date stock performance. Stock Chart Icon Stock chart icon Akoya Biosciences' year-to-date stock performance. Stock Chart Icon Stock chart icon Pfizer's year-to-date stock performance. Stock Chart Icon Stock chart icon Vistra's year-to-date stock perforrmance.

Persons: Brian Chesky, Shockwave, Stellantis, it's, you've, Bourla, he's, George Organizations: Technologies, Luminar Technologies, Biosciences, Akoya Biosciences, Vitesse Energy's, Vitesse Energy, Pfizer

☆ Airbnb CEO says he wants Airbnb to be the 'ultimate AI concierge' that will match you to the perfect property
▼ + stars: | 2023-07-06 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Airbnb cofounder and CEO Brian Chesky has said he thinks AI will significantly change Airbnb. Chesky said they are working to make an AI "concierge" that can learn about a user over time. But a program that can be the "ultimate AI concierge" and learn about you over time is more valuable to Airbnb. "The better we can understand you, the more we can be like the ultimate AI concierge pointing you to places, community, homes, experiences, and many more things." "Hopefully it's going to make you just think, 'Oh my God, their customer service is amazing,'" Chesky told Skift.

Persons: Brian Chesky, Chesky, —, Airbnb, It's, we're, Sam Altman, Skift Organizations: Service, Bloomberg's Technology Locations: Silicon

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