Airbnb is an online marketplace and hospitality service for people to lease short-term lodging which includes various types of accommodations such as holiday cottages, bedrooms, apartments, homestays, villas, hostels, and more (“Homes”).
Airbnb also provides social experiences such as tours, events, dining experiences, activities, classes, shows and other forms of entertainments on their platform (“Experiences”) complementing it’s Airbnb Homes business. The company does not own any real estate or conduct tours; instead brokers it’s hospitality services and receives a percentage of service fees in conjunction with every booking. Airbnb offers its services across more than 191 countries and serving 100,000 cities. Currently it carries more than 6 million listings and have booked more than 300 million guests worldwide.