Airbnb is finally taking a big, expensive swing into the experiences category with its launch of "Icons." The non-traditional accommodations come with a non-traditional business model – they’ll be free or low-cost to guests (but they want you to post them to your socials). And Chesky promises things will only get “crazier.”
Coming off the release of annual financial reports, we delve into the issue of CEO pay in the travel industry in this week's podcast as several major executives have seen their compensation boom in recent years.
The net proceeds of Brian Chesky's 10-year pay package — which he said would be donated to host programs and to charities — would really soar if Airbnb's share price breaches tough-to-reach targets.
Airbnb's new cancellation policy will cover hurricanes — if they trigger government travel bans. But if there is a flu warning in the U.S., a malaria emergency in Thailand, or a Covid-19 outbreak, these situations would not be covered.
Today's podcast looks at Marriott and Hilton's top annual report takeaways, Airbnb's artificial intelligence pathway to new verticals, and American Express' new largest Centurion Lounge.
David Stephenson is slated to become Airbnb chief business officer January 1, but he will also be CFO through the end of February. His last earnings call as CFO would be in mid-February.
The reshuffle of Airbnb's executive ranks should be viewed in the context of the need to reinvigorate the company's growth prospects, including international expansion.
Airbnb could be seen as a victim of its own success – with guests, hosts and cities all taking aim. But it’s done rebuilding, and focusing on moving forward.