London Is The World's Airbnb Capital

10 years ago, in early August 2008, the website Airbedandbreakfast.com went online, marking the birth of Airbnb.

Back then the three founders, Brian Cheky, Joe Gebbia and Nathan Blecharczyk wanted to help short-term travelers find affordable accommodation and provide renters with an opportunity to make an extra buck by renting out spare rooms or even just the namesake airbed on the floor. However, as Statista's Felix Richter notes, little did they know that 10 years later their little venture would be one of the hottest private companies in the world, valued at nearly $30 billion.

Over the years, Airbnb has developed into much more than what it was originally meant to be. These days you can rent millions of houses, apartments and rooms on the platform. For many young travelers is has become the favorite if not the only way to find accommodation when travelling.

Luckily for Airbnb, its rise coincided with a steep increase in city tourism. In cities such as London, Paris or New York, where hotel rooms are often hard to find and/or expensive, Airbnb has become an affordable and popular way to experience cities in a less touristy way.

The following chart, based on data from AirDNA, shows which cities are particularly popular on Airbnb.

Infographic: London Is the World's Airbnb Capital | Statista

You will find more infographics at Statista

While the platform has been opposed by the hotel industry pretty much from the start, it has also drawn a fair amount of criticism from residents of popular city trip destinations for exacerbating the shortage of affordable housing in many areas. 

A criticism that doesn’t seem entirely unfair, considering the number of objects listed in some cities.

Comments

Adolfsteinbergovitch Manipuflation Wed, 08/08/2018 - 02:49 Permalink

Don't forget the piles of shit ahead. 

If only Brits could put a sail big enough on that thing and get out of Europe quite literally... with their moslem garbage... I know I'm a dreamer...

Now a $30B valuation for a phone application is definitely overkill. Doesn't the fed have any other welfare recipient/lottery winner to send their welfare to? 

Edit: in California they should rename it "carBnB".

In reply to by Manipuflation

stacking12321 Adolfsteinbergovitch Wed, 08/08/2018 - 02:59 Permalink

Whiny socialist losers will try to say that you don’t have the right to rent out your property, because they don’t believe in private property - the view your house and your possessions as "community" assets.

never mind that your capital or labor went into buying/building that house, they will still try to push the failed obama "you didn’t build that" meme.

In reply to by Adolfsteinbergovitch

lock-stick stacking12321 Wed, 08/08/2018 - 03:13 Permalink

It's all ONE SICK, PATHETIC SPAMMER!!!

•• roea.rita (above)

•• Adolfsteinbergovitch (above)

•• 07564111 (above)

•• MoreSun (whacked)

•• Free This (coming soon, in all his 7th grade glory - JACKASS  as new icon!)

....and all the while, the pathetic little SPAMMER sits in his leaky, moldy, smelly single wide in Western New York, surrounded by garbage and dirty clothes, trying to find his dick amidst rolls of fat, talking to his ACTION FIGURES and wondering where his life went.

 

It's all ONE SICK, PATHETIC LIDDLE SPAMMER!!!

In reply to by stacking12321

Endgame Napoleon stacking12321 Wed, 08/08/2018 - 12:48 Permalink

Some built it for themselves; some were blessed as they say in the South. Either way, they have the right to rent their houses. It does reduce the perfect-neighborhood dream for dual-earner parents. Wonder if the rest of us, not in the crony-parent job network, could survive by just going from one room to another in different cities, working mom-gang churn or temp jobs. They need their sales numbers bumped up by churn-able non culture fits, covering the absenteeism stints of busy-working parents.

In reply to by stacking12321

cryptodraco Manipuflation Wed, 08/08/2018 - 04:29 Permalink

London and Paris now look like two old whores. Before, they were selective, now they take all the guys who can give 150 bucks per night. No condomns allowed.

My country has been raped by uneducated spoiled tourists. Now you can't even have a decent live in a country who were beautiful before.  Like you will soon or later have a std. Such a disgrace can only by repair by blood.

In reply to by Manipuflation

lock-stick Adolfsteinbergovitch Wed, 08/08/2018 - 11:30 Permalink

It's all ONE SICK, PATHETIC SPAMMER!!!

•• Free This (ABOVE, in all his 7th grade glory - JACKASS  as new icon!)

•• roea.rita ("I SUCK DICK ON THE INTERNET FOR LAND ROVERS!")

•• Adolfsteinbergovitch ("I TORMENT THE WOMAN WHO SUCKS DICK!")

•• 07564111 ("I PRETEND I DON'T KNOW ANY OF THEM!")

•• MoreSun (whacked, OH SO WHACKED!!)

 

....and all the while, the pathetic little SPAMMER sits in his leaky, moldy, smelly single wide in Western New York, surrounded by garbage and dirty clothes, trying to find his dick amidst rolls of fat, talking to his ACTION FIGURES and wondering where his life went.

 

It's all ONE SICK, PATHETIC LIDDLE SPAMMER!!!

In reply to by Adolfsteinbergovitch

silverstud Wed, 08/08/2018 - 03:07 Permalink

Airbnb is shit.

Recently, after I placed a booking through them in NYC, I sent an urgent email after I missed their call on my mobile phone from them and their phone numbers were either engaged or no longer working.

Here is the response I got to my support request on 19 July 2018:

Thanks for your email

We’ve received your support request, and someone from our team will be in touch soon.

In the meantime, one of these articles from our Help Center might help get you an instant answer to your question.

----------------------------

OK that was sent to the URGENT response section three weeks ago.

I am STILL waiting for a reply!

I will never use Airbnb again

 

 

 

 

khnum silverstud Wed, 08/08/2018 - 03:25 Permalink

I paid well over 130 quid for a run down hotel room in Russell Square you couldn't swing a cat in with a community bathroom way back in 1998 God only knows what hotels cost there now if your not there at your employers expense B and B is about the only way to go,pity there is a need for a good service along these lines

In reply to by silverstud

Manipuflation khnum Wed, 08/08/2018 - 03:48 Permalink

Interesting, I paid more "quid" to stay in the dilapidated old Intourist hotel in Rostov.  WOW, what a shithole.  It's the worst hotel that I have ever stayed in and it cost by far the most even to this day of all I have ever stayed in.  You had to go buy your own water and toilet paper and forget any food or service.  Then you had the mobsters running the prostitution ring in the lobby and the casinos across the street.  It's been demolished since but I still never want to go back to that city.  Perhaps it has changed now but I doubt it.  If you are not from there then don't go there.  That's the real Russia.     

In reply to by khnum

SACRED-COW silverstud Wed, 08/08/2018 - 07:19 Permalink

My experience with AirB&B was also horrible.  The location I stayed at in London was fine, but, the AirB&B interface is a mess.

With the owner's permission, I canceled my first reservation.  A few days later, while looking for my second reservation, AirB&B offered a $700 "coupon" off the price of the reservation I was considering.  I jumped on the offer and booked the reservation, only to find out later that it wasn't a "coupon", but instead, a credit from the cancellation of my first reservation.  During my conversations with AirB&B customer service, their agents regularly used the word "coupon" instead of credit.  I assumed I was speaking with people from a different country, but no, they were all from San Francisco.  The so-called "coupon" didn't even match the credit amount I was expecting to be refunded to my credit card from the cancellation of the first reservation because of AirB&B's piecemeal, broken accounting interface.  As it turns out, AirB&B runs a fraudulent credit system on cancellations which their own customer service employees don't understand.  Their protocol for cancellations is to send out an email requiring a response on whether to refund to the credit card or keep the funds on account with AirB&B.  If there is no response, their system automatically defaults to keeping the funds in AirB&B's account.  In this particular case, I used a "burner" email address which I rarely check.  Naturally, I never viewed their email regarding the disposition of the refund.

Long story short, I disputed the charge and won.  I spent hours on the phone with my credit card company and AirB&B during my dispute.  All in all, it wasn't worth the $700 other than making a point about AirB&B's loosey-goosey use of the English language.   Finally, do not book any reservations without a thorough reading of AirB&B's confusion of rules, regulations and cancellation policy. By the way, don't let the ZH xenophobes scare you, London was great and was populated with smart, friendly and articulate people from all parts of the world.   In comparison, the U.S. is an inbred shit-hole of sheep, over populated with dumb-ass land whales.  

In reply to by silverstud

smacker Wed, 08/08/2018 - 08:11 Permalink

In the UK many of the very short stay rooms being offered are in blocks of flats owned hy BTL owners who can get more revenue in a month from these clients than a longer term renter.

The problems that arise are:

1, many leases do not permit short term lettings but the BTLers ignore this.

2, how does the flat owner know he is letting his flat out to a terrorist who plans to use it for a week or so to build a bomb etc?

3, short term renters reduce security for permanent occupiers and tend to abuse the rules.

tedstr Wed, 08/08/2018 - 08:53 Permalink

The sheeple swcramble for any possible way to make a buck since their lifestyles being crushed by declining wages...hence the sharing economy.  rent your home rent your car.  though I would be happy to rent my dick, sadly that seems to be illegal

roark183 Wed, 08/08/2018 - 09:40 Permalink

Airbnb prices are easily beatable by motels.  I don't know what motels' problem is with Airbnb.  In Los Angeles I found Airbnbs ranging from $68 to $4500 per night.  I found motels in Los Angeles ranging from $60 to $575 per night.  Then there are hostels down to $25 per night.

Airbnb is a great idea and absolutely free market, which is terrific. But their prices cause me to stick with motels.

Minburi Wed, 08/08/2018 - 13:44 Permalink

Amsterdam is also quite expensive for AirBNB. I tried for days to get a deal and gave up and ended up staying in a Hostel room with 8 beds and shared bathroom for 40 Euros a night.