Airbnb’s Revenues Will Cross Half Billion Mark in 2015, Analysts Estimate
Photo Credit: Airbnb
Skift Take
Airbnb's growth in the market isn't just a concern for supposed direct competitor Homeway, but also bigger online travel booking players as well as established hospitality companies. While revenues are still much smaller than others, its growth rate is surely beating everyone else by magnitudes.
Much has been written about the meteoric rise of Airbnb in the travel sector and its stratospheric valuations in the private venture market, about to cross $20 billion if recent reports are to be believed.
Now the research arm of investment bank Piper Jaffray has come out with a comprehensive -- and much talked about -- report on the sharing economy, which includes revenue and growth estimates for the sharing economy poster-child. The PJC report says that it believes Airbnb enabled about 40 million room nights in 2014, and that in 2015 it could reach 1.5 million listings, from the 1 million
