Airbnb (NASDAQ: ABNB), a San Francisco, California-based vacation rental and online marketplace company, was featured in a recent Bloomberg article titled, “Investors Chasing Housing Target Massive Pools of Airbnb Rentals.” The piece discusses a new strategy investors are tapping in their hunt for returns in the frenzied U.S. real estate market. “Emboldened by a post-pandemic travel boom and searching for better returns than they can get in hotels or apartment buildings, other firms are building on the strategies employed by the scrappy entrepreneurs who built small portfolios of short-term rentals and helped drive Airbnb Inc.’s decade-long rise,” the article reads. “Plans to buy giant pools of rentals would mark a shift toward a consumer experience with Airbnb that more closely resembles a hotel stay. But it comes as record-low home inventory pushes prices higher for average buyers and Wall Street investors alike. ‘The business model has been proven, and now the opportunity is to do this at scale,’ said Scott Shatford, CEO of AirDNA, which provides data and analytics to the industry. ‘People can’t figure out how to deploy capital quickly enough.’”
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About Airbnb Inc.
Airbnb is an American company that operates an online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities. Based in San Francisco, California, the platform is accessible via website and mobile app. Airbnb does not own any of the listed properties; instead, it profits by receiving commission from each booking. The company was founded in 2008 by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. Airbnb is a shortened version of its original name, AirBedandBreakfast.com. For more information about the company, visit www.Airbnb.com.
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