How Airbnb Can Affect Everything from Home Building to Mortgages
Since launching in 2008, home-sharing service Airbnb has grown into an accommodations behemoth. According to the company’s website, its offerings currently include more than 2 million listings in 191 countries. And according to a June New York Times article, the company is raising funds at terms that would place its current valuation at around $30 billion, placing it ahead of conventional hotel giants like Marriott and Hilton.
Little wonder, then, that some home builders are devising new offerings with the home-sharing industry in mind. For instance, as The Home Story reported in January, at this year’s International Builder’s Show, several firms showcased designs optimized for generating some rental income on the side. California builder Pardee Homes, for example, showed a model house with guest suites for renting out.