Business, Airbnb

Business, Airbnb

Airbnb founder says company 'needs to change'

A co-founder of Airbnb has admitted the company has made mistakes and 'needs to change'.

09/08/2020 19:49:00

A co-founder of Airbnb has said his company needs to get back to basics by prioritising small scale hosts over larger commercial operators

A co-founder of Airbnb has admitted the company has made mistakes and 'needs to change'.

Brian Chesky said that his company needs to get back to basics by prioritising small scale hosts over larger commercial operators.Speaking in an interview with the Sunday Times magazine, he said: "We grew so fast, we made mistakes, we drifted. We really need to think through our impact on cities and communities".

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He has promised to provide more information to local authorities looking to police short-term accommodation, including registration and how often properties are rented.Mr Chesky the company will work with local authorities to limit the number of rental nights per year and imposing minimal rental terms to comply with local laws.

He said the company took down half its hosts in San Francisco.Airbnb was hit with €1 billion worth of cancellations during Covid-19 and put off its planned flotation on the stock exchange.It had to borrow €2bn from investors while letting go 25% of its staff - a total of 2,000 people.

Airbnb has caused controversy around the world with accusations is has hit the supply of long-term rental properties while causing apartment blocks to become unlicensed hotels and premises to be used for mass social gatherings. Read more: RTÉ News »

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