• However, after affected property owners filed lawsuits against Airbnb in both Israel and the United States alleging discrimination based on place of residence, in April 2019,
    the company reversed its plans to remove listings in the West Bank and instead promised to donate any profits from these listings to non-profit organizations dedicated to humanitarian aid.

  • [141] • Washington, D.C.: Hosts must obtain a short-term rental license, and, if the host is not present, those rentals are limited to a combined 90 days each year.

  • [61][62] On December 10, 2020, the company became a public company via an initial public offering, raising $3.5 billion.

  • [4][12][13][14][15] With the website already built, they used the Y Combinator investment to fly to New York to meet users and promote the site.

  • [132][133] • New York City: Rentals under 30 days are prohibited unless the host is present on the property.

  • [128][129] • Los Angeles: Hosts must register with the city planning department and pay an $89 fee and cannot home-share for more than 120 days in a calendar year.

  • [130][131] • Miami: Short-term rentals are banned in most neighborhoods, in part due to lobbying efforts of the hotel industry.

  • [186][187] However, in May 2019, Airbnb agreed to turn over some anonymized information for approximately 17,000 listings so that the city could pursue illegal rentals.

  • [122] • Boston: The types of properties eligible for use as short-term rentals and the number of days per year a property may be rented are limited.

  • [145][146] Asia[edit] • Japan: Hosts are required to register their listing with the government; a home can be rented for a maximum of 180 days per year.

  • • Type: Public company; Traded as: Nasdaq: ABNB, Nasdaq-100 component; Industry: Lodging; Founded: August 2008; 14 years ago in San Francisco, California, U.S.; Founders:
    Brian Chesky, Joe Gebbia, Nathan Blecharczyk; Headquarters: San Francisco, California, U.S.; Area served: Worldwide; Key people: Brian Chesky (CEO), Joe Gebbia (CPO), Nathan Blecharczyk (CSO); Services: Lodging, Hospitality, Homestay; Revenue:
    US$5.99 billion (2021); Net income: US$−0.35 billion (2021); Total assets: US$13.71 billion (2021); Total equity: US$4.78 billion (2021); Number of employees: 6,132 (Dec 2021); Subsidiaries: Luxury Retreats International Inc.,, Accomable,
    Aibiying, Trooly, Inc., Deco Software Inc., Trip4real Experiences, S.L., Lapka, Inc., Airbnb UK Limited, HotelTonight History After moving to San Francisco in October 2007, roommates and former schoolmates Brian Chesky and Joe Gebbia came
    up with the idea of putting an air mattress in their living room and turning it into a bed and breakfast.

  • [6][7] The founders had their first customers in the summer of 2008, during the Industrial Design Conference held by Industrial Designers Society of America, where travelers
    had a hard time finding lodging in the city.

  • [148][149] Controversies and criticism The company has been criticized for possibly enabling increases in home rents,[150] refusing to provide sensitive customer data to governments,
    and allowing listings in West Bank settlements.

  • [80][81] Before the 2012 Summer Olympics, Airbnb acquired London-based rival CrashPadder,[82] subsequently adding 6,000 international listings to its existing inventory.

  • [171] In January 2021, Airbnb was criticized for allowing participants in the January 6 United States Capitol attack to book units on the platform in the Washington metropolitan
    area, despite most hotels in the vicinity of Capitol Hill banning far-right extremists.

  • [147] • Singapore: Short-term home rentals of less than three months are illegal.

  • [180][181][182][183] Bait-and-switch scams by hosts[edit] A journalist for Vice News reported in October 2019 on a bait-and-switch scam in which a network of fake accounts
    advertised stays at dozens of properties across eight US cities that once booked was said to be unavailable at the last minute.

  • [159][160][161] On February 12, 2020, Airbnb was included on a list of companies operating in West Bank settlements involved in activities that “raised particular human rights
    concerns” published by the United Nations Human Rights Council.

  • [34] In April 2015, following the easing of restrictions on U.S. businesses to operate in Cuba, Airbnb expanded to Cuba, making it one of the first U.S. companies to do so.

  • [32][33] It also announced a partnership with Concur, an expense reporting service for businesses, to make it easier for business travelers to report Airbnb stays as business

  • [109] • Ireland: Short-term rentals are restricted to a maximum of 90 days per year for primary residences; registration is required with local authorities.

  • [4][5] They put together a website that offered short-term living quarters and breakfast for those who were unable to book a hotel in the saturated market.

  • [178] Illegal behavior by hosts[edit] Circumvention of European tax regulations by hosts[edit] In October 2020, Luca Poma, an Italian journalist and former advisor to the
    Italian Minister of Foreign Affairs, alleged in an article that a rental listed on Airbnb was actually operated by a company and not a private individual, circumventing European tax regulations.

  • Hosts and guests are unable to see reviews until both have submitted a review or until the time period to review has closed, a system that aims to improve accuracy and objectivity
    by removing fears that users will receive a negative review in retaliation if they write one.

  • [8] After the founders raised $30,000 by selling cereal named after the two candidates of the 2008 United States presidential election, Barack Obama and John McCain, mostly
    at the 2008 Democratic National Convention,[9][10][11][12] computer programmer Paul Graham invited the founders to the January 2009 winter training session of his startup incubator, Y Combinator, which provided them with training and $20,000
    in funding in exchange for a 6% interest in the company.

  • [105] • Barcelona: Vacation apartments are subject to the highest rate of property tax; platforms must share data with regulators.

  • [143] Canada[edit] • Toronto: Short-term rentals must be in a host’s primary residence and hosts must obtain licenses.

  • The organization was launched in 2012 after hosts offered free housing to people

  • [67] The decision was made primarily because of strict COVID-19 restrictions in China as well as complicated and expensive laws and regulations that required Airbnb to send
    detailed information on guests to the Government of China, which can be used to track people.

  • [37][38] In July 2016, former Attorney General Eric Holder was hired to help craft an anti-discrimination policy for Airbnb after reports showed that hosts were refusing to
    accept lodging requests from guests whose names suggested that they were black.

  • [190] Legality of service fees in the Netherlands[edit] In March 2020, a subdistrict court ruling in the Netherlands found that Airbnb charging service fees to both the host
    and the guest was illegal and that the 30,000 people who had rented as guests have a right for reimbursement if they file claims.

  • [137] • San Diego: Units for short-term rental are limited to 1% of the housing stock and licenses are required.

  • The company has been the subject of criticism for lack of regulations and enabling increases in home rents.

  • [86] In December 2012, Airbnb announced the acquisition of Localmind, a location-based question and answer platform.

  • [22] In September 2013, the company announced that it would establish its European headquarters in Dublin.

  • [115] • Paris: Hosts can rent their homes for no more than 120 days a year[116] and must register their listing with the town hall.

  • [97] In March 2019, the company acquired HotelTonight, a website for booking last-minute hotel rooms, for over $400 million.

  • [48] In February 2018, the company announced Airbnb Plus, a collection of homes that have been vetted for quality of services, comfort and design,[49] as well as Beyond by
    Airbnb, which offers luxury vacation rentals.

  • [151] Effects on housing affordability[edit] Several studies have found that long-term rental prices in many areas have increased because landlords have kept properties off
    the longer-term rental market to instead get higher rental rates for short-term housing via Airbnb.

  • [75] After temporarily banning parties in homes rented on the platform in August 2020 due to the COVID-19 pandemic,[76] in June 2022, Airbnb announced that it will permanently
    ban parties and events in homes on its platform, a position supported by hosts and their neighbors who complained of nuisances at Airbnb properties.

  • [13] In March 2009, the name of the company was shortened to to eliminate confusion over air mattresses; by then listings included entire rooms and properties.

  • [25] In November 2012, Airbnb launched “Neighborhoods”, a travel guide of 23 cities that helps travelers choose a neighborhood in which to stay based on certain criteria and
    personal preferences.

  • [144] • Vancouver: Short-term rentals must be in a host’s primary residence and hosts must obtain licenses.

  • [127] • Jersey City, New Jersey: Hosts are only allowed to rent for 60 days per year.

  • [153] A study published in July 2017 found that a 10% increase in Airbnb listings in a given neighborhood corresponds to a 0.42% increase in rents and a 0.76% increase in
    house prices.

  • [103] Europe[edit] • Amsterdam: Hosts can rent their properties for up to 30 nights per year to a group of no more than four at a time.

  • [91] In February 2017, the company acquired Luxury Retreats International, a Canadian-based villa rental company, for approximately $300 million in cash and stock.

  • [90] In September 2016, Airbnb acquired travel activities marketplace Trip4real.

  • [104] Short-term rentals are banned in certain parts of the city.

  • [110][111] • London: Short-term rentals are limited to 90 days per year.


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