Airbnb enters luxury travel market
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READING:
Airbnb is moving into luxury travel. Its new business will have new places to stay, like vacation homes and boutique hotels. Airbnb offers over four million rooms in 191 countries. It has had over 260 million reservations. This will be more than one billion in 2028. The Airbnb boss wants everyone to use it.
Airbnb does not own any rooms. It helps property owners to rent homes to travelers. The company gets money from booking fees. It will soon offer adventure travel and "unique spaces." It will offer yurts - big, round Mongolian tents. It will also offer travelers "full-on luxury stays". These include "some of the world's nicest homes".
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