● As remote work grows in popularity,
approximately 85% of long-term stay nights booked by Filipinos are in urban
destinations
● Metro Manila, Metro Cebu and Baguio
emerged as Filipinos’ top most searched destinations for long-term stays
● Airbnb CEO and Co-Founder Brian Chesky
announced that he too will live on Airbnb
Remote and hybrid work have untethered many people from the need to be in an office every day, driving the biggest change to travel since the advent of commercial flying. For the first time, millions of people can now live anywhere.
On Airbnb’s platform, we have seen:
● One out of every five gross nights booked
in Q3 were for stays of 28 days or longer.
● Nearly half of nights booked in Q3 were
for stays of at least seven days, up from 44 percent in 2019.
● In the 12 months through September, more
than 100,000 guests booked stays of 90 days or longer.
● More than 300,000 people applied for 12 openings to live anywhere on Airbnb for a year and are providing insights to help inform our product development and upgrades.
Airbnb CEO and Co-Founder Brian Chesky
Today, Airbnb CEO and Co-Founder Brian Chesky announced that he too will live on Airbnb. Starting this week in Atlanta, Chesky will stay in people’s homes in new towns or cities every few weeks, and return to San Francisco in the same way that many remote workers are returning regularly to the cities where they work in order to collaborate with colleagues. Chesky living on Airbnb will help to improve the design of the experience for people who can now live anywhere.
This Live Anywhere trend is like a decentralization of living, and it’s changing the identity of travel. Among the trends Airbnb expects to see are:
1. People will continue to
spread out to thousands of towns and cities, and they will stay for weeks,
months, or even longer.
● 100,000 towns and cities around the world
have had an Airbnb booking during the pandemic.
● 6,000 places had their first-ever Airbnb
booking.
● On New Year’s Eve, nearly 4.5 million guests stayed on
Airbnb in
more than 53,000 places around the world with over
40 percent of nights booked were more than 1,000 miles away from guests’
origins.
● In Q3 2021, over 85 percent of long-term stay nights booked in the Philippines were for stays in urban destinations. Metro Manila, Metro Cebu and Baguio emerged as the top most searched destinations for long-term stays.
2. More people will start
living abroad, others will travel for the entire summer, and some will even
give up their leases and become digital nomads.
● People want to explore new countries:
Before the pandemic, international arrivals exploded from 25 million in 1950 to
more than 1.4 billion in 2019, according to UNWTO.
● On Airbnb, family long-term stay nights
grew 75% from summer 2019 to summer 2021.
● The share of Airbnb
long-term stay bookers who used their stays to lead a nomadic lifestyle grew
from 2020 to 2021—from 9% to 12%.[1]
● In the Philippines, 45% of Filipinos polled want to rent out their homes and travel.
3. Cities and countries
will compete to attract these remote workers, and it will lead to a
redistribution of where people travel and live.
● More countries are changing their visa and
tax rules, and more than three dozen countries currently offer some sort of digital nomad visa scheme.
● Airbnb is already helping a range of urban and rural destinations in the United States let remote workers try living there, from Chicago to West Virginia and Northern Maine.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 about us and our industry that involve substantial risks and uncertainties. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “appears,” “should,” “expects,” “plans,” “anticipates,” “could,” “outlook,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. All statements other than statements of historical facts contained in this press release, including but not limited to statements regarding the expected policies of companies and expectations of people with respect to working remotely, expectations regarding travel trends; the travel behavior of guests; and the demand for travel; are forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot provide any assurance that these expectations will prove to be correct.
The following factors are among those
that may cause actual results to differ materially from the forward-looking
statements:
●
the
effects of the COVID-19 pandemic on our business, the travel industry, and
travel trends;
●
changes
in policies and regulations regarding inbound travel across countries; and
● future changes or disruptions in the travel and hospitality industries or economic downturns and the other factors discussed under “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Cautionary Note on Forward-Looking Statements” in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 26, 2021 and any subsequent Quarterly Reports on Form 10-Q filed with the SEC.
Any forward-looking statements speak only as of the date of this press release and reflect our beliefs and opinions as of the date of this press release. We expressly disclaim any obligation to update or revise any information contained in this press release, except as required by law.
About Airbnb
Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to 4 million Hosts who have welcomed more than 1 billion guest arrivals across over 220 countries and regions. Every day, Hosts offer unique stays and one-of-a-kind activities that make it possible for guests to experience the world in a more authentic, connected way. Providing hosted travel and the ability to live anywhere on a global scale, Airbnb has become a noun and a verb and most traffic to our platform remains organic. We will continue to invest in innovations that expand the travel market and lead the way in turning travel into a way of life.
[1] Airbnb internal survey of 16,000+
respondents across Australia, Brazil, Canada, France, Germany, Great Britain,
Italy, Mexico, Russia, Spain and the US from December 9-14, 2021.
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