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☆ 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

☆ 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

☆ It's a cruel summer for Airbnb and Vrbo hosts, and meh listings are getting squeezed hard
▼ + stars: | 2023-07-02 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

In the age of remote work, employers are quiet quitting on employees. Decision-makers at family offices revealed what it's really like managing billions for the ultra wealthy. But first: It's shaping up to be a cruel summer for Airbnb and Vrbo hosts. The Airbnb hosts getting squeezedReal-estate reshapeBlake Callahan / Getty ImagesThe real-estate industry is facing an existential threat. In the age of remote work, employers are doing it, too.

Persons: Matt Turner, Read, Brian Chesky, Charley Gallay, Vrbo, That's, Blake Callahan, Jonathan Ernst, Consuelo Vanderbilt Costin, Bryan Griffin, Insider's Ben Bergman, Arantza Pena Popo, It's, Satya Nadella, Hallam Bullock, Lisa Ryan Organizations: luxe, Reuters Workers aren't, Stanford University, The Vanderbilt, Waltons, Microsoft Locations: Silicon, Airbnb, New York

☆ 10 Things in Tech: Airbnb's Montana smackdown, Microsoft whining, Salesforce worrying, and Reddit rage
▼ + stars: | 2023-06-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

I'm Insider's global tech editor Alistair Barr, and I've been missing people a lot lately. Airbnb Montana smackdown: Life in the town of Bozeman is harder thanks to short-term rentals. That sparked a boom in Airbnb and Vrbo properties in the town, causing rents and property prices to surge. They are concerned about retaining talented colleagues, their future at Salesforce, and how leadership decisions adhere to the company's core values. Submit your nomination for Insider's 5th annual list recognizing first-time and newly named top marketers at consumer brands.

Persons: Alistair Barr, I've, I'd, we're, let's, Brian Chesky Mike Segar, Airbnb Montana, Dan Latu, Justin Sullivan, Read, Nassim Taleb, SoftBank, it's, that's, Bowties, India Narendra Modi, Mark Zuckerberg, Elon Musk, Kevin Dietsch, Dana White, Lisa Ryan, Jack Sommers Organizations: Bozeman Tenants United, Getty, Microsoft, Silicon Valley titans, White House, UFC, Insider's Locations: Bozeman, Airbnb, Seattle, Washington, Salesforce, Silicon, India, China, Silicon Valley, New York, London

☆ We've reached peak tech bro, with billionaires suggesting cage fights and bench-press contests
▼ + stars: | 2023-06-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

It's a sign that top Silicon Valley executives are embracing a new era of the tech bro. The term "tech bro" has been around for the better part of a decade, but what it means to be a tech bro has changed over time. The metamorphosis of tech bro culture is most apparent in the evolution of founders like Zuckerberg and Jeff Bezos. Musk has made it cool to be a tech CEO and created a loyal fan base that few could rival. The Joe Rogan Experience/YouTubeThough, this kind of tech bro behavior can have consequences.

Persons: Elon Musk, Mark Zuckerberg, AirBnB, Brian Chesky, They've, Dana White, Lex Fridman, Andrew Tate, Tate, Sam Altman, he'd, Jeff Bottari, Bloomberg he'd, bro, —, Webster, Zuckerberg, Jeff Bezos, Bill Gates, Steve Jobs, Larry Page, Bezos, Clive Mason, Joe Rogan, Vladimir Putin, Musk, Elon Organizations: Silicon, UFC, Bloomberg, Wired, Merriam, Getty, Twitter Locations: Valley

☆ Airbnb CEO Brian Chesky says he'll 'challenge any leader in tech to bench press' after Musk/Zuck cage fight vow
▼ + stars: | 2023-06-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Airbnb chief Brian Chesky said he'll "challenge any leader in tech to bench press." The vow follows Elon Musk and Mark Zuckerberg apparently agreeing to hold a cage fight. Brian Chesky told Bloomberg's Dave Lee he'd "challenge any leader in tech to bench press. The vow comes days after Musk escalated his rivalry with the Meta CEO by challenging him to a cage fight. The Airbnb chief weighed in on the billionaires' plans to cage fight and told Lee: "I've been waiting for these physical battles in tech.

Persons: Brian Chesky, Elon Musk, Mark Zuckerberg, Chesky, Bloomberg he's, Bloomberg's Dave Lee he'd, Musk, Zuckerberg, Lee, I've, Christ Licht, he'd, Licht, Jeff Zucker, Zucker, Airbnb didn't Organizations: Bloomberg, CNN Locations: Atlantic

☆ A.I. will make having a lucrative side hustle or startup much easier, says Airbnb CEO
▼ + stars: | 2023-06-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Airbnb CEO Brian Chesky isn't afraid of artificial intelligence displacing jobs. "It's easier to imagine what jobs will be displaced than what jobs would be created," Chesky said. Chesky isn't alone in thinking this way. But the expansion of AI could still be a double-edged sword, as Tesla CEO Elon Musk told CNBC's David Faber last month. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: Brian Chesky isn't, ChatGPT, Steve Wozniak, Mark Cuban, they're, Chesky, you'll, Matt Higgins, Elon Musk, CNBC's David Faber, Warren Buffett Organizations: Apple, ChatGPT, Computer, RSE, CNBC

☆ Airbnb CEO predicts AI will pave the way for 'millions of startups' instead of replacing jobs
▼ + stars: | 2023-06-19 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +2 min

Airbnb co-founder and CEO Brian Chesky said AI will ultimately be a boon to the job market. He predicts AI will propel "millions of startups," even as jobs at existing companies could decrease. Chesky is one of many business leaders that has weighed in on AI this year. He anticipates that the technology will propel "millions of new startups," he told investor Jason Calacanis on a recent episode of This Week In Startups. While many in the business world have said AI could profoundly impact innovation and the economy, business leaders, including Warren Buffett, are skeptical.

Persons: Airbnb, Brian Chesky, Jason Calacanis, Calcanis, —, Chesky, Warren Buffett, Elon Musk Organizations: CNBC, Google, Center, AI Safety

☆ Priceline joins A.I. chatbot race, signing on with Google to help ease travel booking
▼ + stars: | 2023-06-06 | by ( Seema Mody | ) www.cnbc.com time to read: +2 min

Booking , Expedia and Airbnb are among travel companies looking for ways to ease the booking process and help consumers more swiftly make plans. This tool will help you narrow that down pretty quickly," Priceline CEO Brett Keller told CNBC. The generative AI tools from Google will allow prospective travelers to communicate with a chatbot in a conversational way when making plans and receive personalized hotel bookings. Google Cloud is providing the tools and capabilities to help Priceline collect and scrub data that can then be used to help customers. Earlier this year, Expedia was among the first players to signal its investment in generative AI.

Persons: Brett Keller, Keller, Carrie Tharp, Tharp, Expedia, Peter Kern, Brian Chesky, you'll Organizations: Apple, CNBC, Google

☆ I stayed in a VRBO with a shocking list of checkout chores. I'm an Airbnb host myself, and I worry it gives our industry a bad name.
▼ + stars: | 2023-05-27 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

An Airbnb host photographed the checkout chore list at an Ohio VRBO she stayed in this month. During a recent stay in home she booked via vacation-rental site VRBO in Cleveland, Ohio, she encountered a list of chores to be completed before checkout. She photographed the sign and shared it with other short-term-rental hosts on Facebook, where her post received hundreds of comments. We just weren't going to do hours and hours of laundry. I understand it's impossible for a cleaning person to do hours and hours of laundry in a single day.

☆ Despite all odds, consumers are still traveling this summer. Here are the stocks you need to own
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +11 min

Yet despite all odds, 61% of those surveyed said they plan to travel this summer, up from the 49% who said the same in summer 2021. Some 56% of adults are more likely to stay in a hotel this summer than they were in 2022, according to the AHLA/Morning Consult survey. Booking Holdings is also an analyst favorite, with an average rating of overweight and 10% upside to the average price target, per FactSet. While prices are still high, the latest consumer price index for April showed the airline fares index fell 2.6% month over month, after rising in February and March. Airlines are essentially sold out for summer travel, according to TD Cowen analyst Helane Becker.

Persons: Matt Kramer, They're, You've, Sylvia Jablonski, Kramer, Freed, Bernstein, David Vernon, Price, Robin Farley, Farley, James Hardiman, Hardiman, Josh Weinstein's, RevPar, Tony Capuano, Chris Nassetta, Biden, Hilton, they've, Airbnb, Brian Chesky, it's, Evercore, Mark Mahaney, amortization, Mahaney, Cowen, Helane Becker, Becker, — CNBC's Michael Bloom, Ashley Capoot Organizations: KPMG, KPMG Consumer, Survey, Cruise ETF, Royal, Holdings, Marriott, United Airlines, Morning, American, & Lodging Association, Cruises, UBS, Citi, CCL, CNBC, Hilton Worldwide, U.S . Travel Association, State Department, Booking Holdings, Booking, Airlines, Delta Air Lines, Copa Holdings, Panamanian, Copa Airlines Locations: United States, Royal Caribbean, United, Caribbean, CocoCay, Thursday's, China, North America, Asia, Europe

☆ Airbnb CEO shares the best advice he's ever received—it's 'counterintuitive to almost everything everyone says’
▼ + stars: | 2023-05-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

A single piece of advice from an investor helped Airbnb CEO Brian Chesky grow his company from a struggling startup to an industry giant worth roughly $70 billion. That's according to Chesky himself, who told attendees at a recent Stanford Graduate School of Business event that it was "the best piece of advice I ever got." The advice: "Focus on 100 people that love you, rather than getting a million people to kind of like you," Chesky said. It came courtesy of Paul Graham, the co-founder of tech startup accelerator Y Combinator, who advised Airbnb's co-founders — Chesky, Joe Gebbia and Nathan Blecharczyk — to focus on a tiny audience of potential customers as they built their company. For early Airbnb, that meant creating experiences for guests that stood out from staying at a hotel or crashing on a couch.

☆ Airbnb CEO Brian Chesky calls out RTO mandates from execs 'going away to the Hamptons' and Europe this summer
▼ + stars: | 2023-05-13 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

In an interview earlier this week, Airbnb CEO and co-founder Brian Chesky pointed out that a revival of return-to-office pushes are often coming from executives with the most amount of flexibility. Of course, Chesky is incentivized to encourage remote work, which can allow people to work while traveling for extended periods of time. He said monthly stays make up one-fifth of Airbnb's business and are one of its fastest-growing segments. Even so, senior-level workers generally get more flexibility in when and where they work. Check out: Bosses think in-office work 3 times a week is ‘the magical number.’ ‘It’s not,’ says CEO

☆ Airbnb's CEO thinks your summer vacation will be cheaper this year
▼ + stars: | 2023-05-11 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Airbnb predicted nights booked and prices would drop compared to last year at this time. US travelers are "price-sensitive" and favor the cheapest accommodations possible, Chesky said. CEO Brian Chesky told analysts that he expects hosts could be motivated to reduce their nightly rates to stay booked. "Just like Amazon, the more affordable we are, with the wider selection, the more people will come to Airbnb," Chesky said in the earnings call. So I've gotta make sure I remember the 26-year-old me that didn't have a lot of money when I started the company," Chesky told Nilay Patel, editor-in-chief of technology news site The Verge, this week.

☆ Premarket stocks: Wall Street is strangely calm about the debt ceiling. That could change this month
▼ + stars: | 2023-05-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Dire warnings about the economic chaos and catastrophe that will ensue if the US debt ceiling isn’t lifted soon abound. The debt ceiling crisis of 2011 caused Standard and Poor’s to downgrade US debt for the first time in history. Schwenkler says to expect “a lot more volatility” if debt ceiling issues don’t appear resolved by the last week of the month. By contrast, recovery from a debt-default crisis would likely start the day Congress, belatedly, suspended the debt ceiling,” he added. “A misstep over the debt ceiling would subject businesses and consumers to an economic shockwave,” he added.

☆ Airbnb CEO Brian Chesky, who lets employees work from anywhere, says many CEOs calling workers back to the office are 'going away to the Hamptons for the summer'
▼ + stars: | 2023-05-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Airbnb's CEO recently shared his thoughts on different work models in a wide-ranging interview with The Verge. Brian Chesky said many CEOs mandating a return to the office will spend their summers in the Hamptons. Airbnb lets employees live and work from anywhere without a loss of pay. Airbnb CEO Brian Chesky, who lets employees work from anywhere, says many executives mandating a return to the office are likely spending their summers traveling. "I still think that's happening.

☆ Airbnb drops on cautious outlook as CEO says customers want 'affordability'
▼ + stars: | 2023-05-10 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

(Photo Illustration by Thiago Prudencio/SOPA Images/LightRocket via Getty Images)"With inflation, people are more focused than ever on affordability," he said. CEO Brian Chesky told CNBC's "Squawk on the Street" Wednesday that Airbnb is being cautious about its second quarter because of affordability pressure it is experiencing in North America. Shares of Airbnb tumbled 10% Wednesday, a day after the company released its first-quarter report that offered slightly weaker-than-expected guidance and a cautious outlook for the current quarter. In its first quarter, Airbnb beat analyst estimates on top and bottom lines, and total revenue rose 20% year over year. Analysts at Bernstein said the company posted a "solid enough" quarter despite the challenges it is anticipating in its second quarter.

May 9 (Reuters) - Vacation rental booking company Airbnb Inc (ABNB.O) said on Tuesday that it expected fewer bookings and lower average daily rates in the second quarter versus a year earlier, sending shares down 11.5% in after-hours trading. Average daily rates were flat year-on-year at $168. Nicholas Cauley, an analyst at Third Bridge, said pressure on household budgets was likely to result in consumers choosing more affordable accommodation, leading to a decline in average daily rates in future quarters. "Some of the pressures that we're seeing there on overall revenue growth has frankly just been some of the elevated (average daily) rates," Airbnb Chief Financial Officer David Stephenson told investors. The company said earlier this year that average daily rates would remain pressured as vacationers returned to lower-cost urban rentals.

☆ Elon Musk says 'other companies' should take note of the way Airbnb CEO Brian Chesky interacts with people on Twitter
▼ + stars: | 2023-05-06 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elon Musk praised Airbnb CEO Brian Chesky on Friday for the way he uses Twitter to gather feedback on his company. Chesky asked Twitter users what the booking platform should focus on as a top priority to improve it. Elon Musk praised Airbnb CEO Brian Chesky for using Twitter as a tool to gather feedback on his company. It introduced a new take on the foundational idea of the booking platform, "Airbnb Rooms" – staying in strangers' spare rooms. Musk and Chesky didn't immediately respond to a request for comment from Insider.

☆ Airbnb CEO says he changed how he ran the business during the pandemic and now follows a simple rule Steve Jobs used
▼ + stars: | 2023-05-05 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Airbnb CEO Brian Chesky told the "This Week in Startups" podcast the pandemic forced him to change how he runs the company. Now, Chesky said the company follows a principle Steve Jobs held at Apple — to never work on more than the CEO can focus on. "We were like staring into the abyss," Chesky told host Jason Calacanis. According to Chesky, a few people who famously worked closely with Steve Jobs during his time at Apple ultimately proved instrumental in reshaping how Airbnb runs. Chesky told Calacanis Ive used to tell Jobs it was important for Jobs himself to be personally involved with product development.

☆ Watch CNBC's full interview with Airbnb CEO Brian Chesky
▼ + stars: | 2023-05-04 | 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 EmailWatch CNBC's full interview with Airbnb CEO Brian CheskyAirbnb CEO Brian Chesky joins CNBC's Andrew Ross Sorkin on 'Squawk Box' to discuss the company's renewed focus on private room rentals, new programs and margins, the potential of A.I., and more.

☆ Airbnb CEO Brian Chesky on going back to company roots with private room rentals
▼ + stars: | 2023-05-04 | 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 on going back to company roots with private room rentalsAirbnb CEO Brian Chesky joins Andrew Ross Sorkin on 'Squawk Box' to discuss the company's renewed focus on private room rentals, new programs and margins, the potential of A.I.

☆ When Brian Chesky co-founded Airbnb, his mom said, 'You're not an entrepreneur, you're unemployed'—now he's worth $9.3 billion
▼ + stars: | 2023-05-03 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

That's according to Chesky, who told the story at a recent Stanford Graduate School of Business event. Months before Airbnb's scheduled initial public offering, business dropped 80% in eight weeks during Covid-19 lockdowns, Chesky told Stanford students. Today, Airbnb's market cap is $75.49 billion, and Chesky's net worth is $9.3 billion, according to Forbes. "I never focused on trying to make a lot of money," Chesky said. DON'T MISS: Want to be smarter and more successful with your money, work & life?

☆ Airbnb is rolling out extensive changes to its platform, including 'Airbnb Rooms,' which it says will make it easier for travelers to stay with locals
▼ + stars: | 2023-05-03 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Airbnb is rolling out extensive changes to its platform, including over 50 new features, it said Wednesday. Among the changes is the introduction of "Airbnb Rooms," which marks a return to the company's origins. "Rooms" is designed to make it easier to stay without locals in their spare rooms, Airbnb said. "Airbnb Rooms are often more affordable than hotels, and they're the most authentic way to experience a city. Among the other changes, Airbnb listed seven that aim to improve the guest's experience, including better, faster maps and a redesign of guest wishlists.

☆ Airbnb CEO says his $75 billion company was rejected by investors—until a $40 box of cereal turned things around
▼ + stars: | 2023-04-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Airbnb CEO Brian Chesky and his two co-founders did it with $40 boxes of cereal. Specifically, they sold self-designed cereal boxes featuring then-presidential candidates Barack Obama and John McCain as a breakfast option in Airbnbs. The cereal proved popular, selling more than 1,000 boxes and making $30,000 for the company, Chesky said. It might have never happened without the cereal: Airbnb was rejected by multiple major investors during its first year of operations, Chesky noted in a 2015 Medium post. "The investors that rejected us were smart people, and I am sure we didn't look very impressive at the time," he wrote.

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