Some Airbnb hosts may be having a bad summer but the company's stock is still up 70%

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Some Airbnb hosts may be having a bad summer but the company's stock is still up 70%
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An Airbnb cofounder is on a roll — he got $3 billion richer and cashed in $1 billion worth of stock this year

for travel at any cost has ebbed, and guests are now far more budget conscious, scrambling for last-minute bookings that span a shorter stay.which has been propped up by still robust travel demand. And those reaping the fruits are the company's three cofounders: Brian Chesky, Nathan Blecharczyk, and Joe Gebbia.

Bloomberg Billionaires Index.Blecharczyk and Gebbia saw comparatively modest gains at $3.7 billion and $3 billion, respectively — but they're still on Bloomberg's list of the top 500 richest people in the world. Blecharczyk is worth 60% more this year, taking his net worth to about $10 billion, while Gebbia's wealth climbed by 50% to hit $9 billion.

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