Airbnb for Work bookings triple, drive "significant" growth for Homes business
Airbnb expects business travel to account for 30% of its core business by 2020.
Airbnb is reporting a sizable increase in bookings via its corporate travel platform - so much so that Airbnb for Work is now “one of the most significant growth drivers” for the company’s Homes sector, says David Holyoke, Airbnb for Work's global head.
From 2016 to 2017, Airbnb for Work bookings tripled, and the number of companies signing up for and booking via the platform (based on users with unique corporate domains) now hovers near 700,000, nearly double that of companies using the service in April of last year.
Airbnb for Work trends
The fastest-growing segment of trips is three nights or fewer, which Holyoke says “really demonstrates how we’re starting to expand our use cases and gaining traction for more than long-term stays from a business travel standpoint.”
On the other end of the spectrum, Airbnb for Work stays of 14 or more days have grown nearly 3X in the past year, which Holyoke says is a trend for larger companies focused on mobility and relocation.
SAP Concur integration
The move is a first for Airbnb to have its marketplace supply next to hotel listings in a corporate travel partner’s platform, and Holyoke says the partnership will “open up access to tens of millions of more employees from around the world and the 20,000 companies that Concur works with.”
Airbnb listings on SAP Concur will include full homes and apartments - no private rooms or shared homes - that are instantly bookable. Although Airbnb declined to give an exact figure, Holyoke estimates the number of listings makes up about 60% of Airbnb for Work’s supply and is somewhere “in the millions.”
Who is using Airbnb for Work, and why?
About 40% of the Airbnb for Work community comprises large enterprise companies of more than 5,000 employees, and Airbnb counts Gap Inc., Twitter and Columbia Sportswear Company among its customers.
Another 40% is made up of employees from startups and small- and medium-size businesses of as many as 250 employees, and mid-size companies of from 251 to 5,000 employees represent the fastest-growing segment of travelers - currently 20% - on the platform.
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