Airbnb CEO says firm will want thousands and thousands extra hosts to fulfill demand

Airbnb must add thousands and thousands of latest hosts to accommodate visitors as journey picks up once more following the coronavirus pandemic, CEO Brian Chesky informed CNBC. “To fulfill the demand over the approaching years, we’ll want thousands and thousands extra hosts,” Chesky mentioned in an interview with Deirdre Bosa that aired Friday on CNBC’s


Airbnb must add thousands and thousands of latest hosts to accommodate visitors as journey picks up once more following the coronavirus pandemic, CEO Brian Chesky informed CNBC.

“To fulfill the demand over the approaching years, we’ll want thousands and thousands extra hosts,” Chesky mentioned in an interview with Deirdre Bosa that aired Friday on CNBC’s “TechCheck.” The house-sharing platform now has 4 million hosts.

“I believe that we in all probability can have a excessive class downside the place there’ll in all probability be extra visitors coming to Airbnb than we’ll have hosts for, as a result of … we predict there’s going to be a journey rebound coming that is not like something we have ever seen,” Chesky mentioned. “We’re working our hardest to get extra hosts on the platform.”

The journey trade is seeing an uptick in enterprise as extra Individuals get vaccinated and state restrictions ease. However for Airbnb, which depends on individuals to open their houses to visitors, the corporate might want to ramp up its variety of hosts as a substitute of constructing out extra actual property or including flights to fulfill demand.

It is an issue just like that confronted by different corporations within the gig economic system similar to Uber, which lately introduced a $250 million stimulus in an effort to convey extra drivers to its platform.

“As vaccination charges enhance in the US, we’re observing that shopper demand for Mobility is recovering quicker than driver availability, and shopper demand for Supply continues to exceed courier availability,” Uber mentioned in a submitting with the Securities and Change Fee.

Chesky mentioned Airbnb is not more likely to supply “lots of incentives” to convey new hosts on board since there’s already an enormous demand for service.

“I believe that every one we’ve to do is simply proceed to inform our story of Airbnb, and the advantages of internet hosting. And we’re seeing lots of curiosity,” he mentioned.

As a part of that, Chesky mentioned, the corporate has launched its “made potential by hosts” advert marketing campaign. The corporate rolled out a variety of commercials utilizing pictures from Airbnb visitors staying in houses world wide, in an effort to create a way of nostalgia.

Correction: The article is up to date to mirror that Chesky mentioned the corporate would have a “excessive class downside.”

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