Advisers
Learn
Newsletter
Offers
Podcast
About
  Back
~
2
min read
· Posted on
February 21, 2024

Airbnb's revenue is up thanks to WFH

Remote work policies have been a boon for Airbnb, as users look for places to holiday and work at the same time.

What's the key learning?

  • Airbnb has reported a net income of $55 million after announcing a $3.9 billion loss in Feb last year
  • Airbnb is being used by workers to find a remote place to holiday AND work, with 20% of bookings on Airbnb made for 28 days or longer.

Background: Airbnb is the online marketplace holiday rentals and tourism activities. Wanna stay in a cave? Airbnb. Wanna stay in a sterile, 1 bedroom apartment? Also Airbnb.

What happened: In Feb 2021, Airbnb announced a $3.9 billion loss for the previous 3 months. Fast forward 12 months, Airbnb's reported a net income of $55 million. Kaching.

What else: COVID not only forced Airbnb to re-think its model... But also totally changed the way that Airbnb customers use the platform.

So what's the key learning?

💡 More than 80% of employees don't want to return to their physical workspace full time. That means remote or hybrid working models have become the norm.

💡Whether you're remote at your house (WFH) or remote in the Bahamas (WFB), it really shouldn't matter.

💡 So now, Airbnb is being used by workers to find a remote place to holiday AND work, with 20% of bookings on Airbnb made for 28 days or longer. Good news for Airbnb.

‍

Ready to win at money?

Sign up for Flux and join 100,000 members of the Flux family

Sign Up
A button to App StoreGoogle Play store button
Excellent  4.9 out of 5
Star rating
© 2024 Flux Technologies Pty Ltd and Flux Media Pty Ltd
All rights reserved.
Explore
HomeLearnPodcastAboutNewsletterFlux at WorkAdvisers
Offers
Home LoansSavings AccountsBank AccountsShare TradingCar LoansCredit Cards
Support
CareersContact usPrivacy PolicyTerms of Use
Disclaimer: Flux Technologies Pty Ltd (ABN 86 634 507 172) is an authorised representative (Representative No. 1283166) of Mozo Pty Ltd who is the holder of AFSL No. 328141. We also provide general advice on credit products under our own Australian Credit Licence No. 530103. The product information presented does not constitute an offer and we are not recommending or suggesting any particular product. Any product advice presented is of a general nature only, and is not to be taken as any sort of advice as it has not taken into account your personal circumstances, objectives, financial situation or needs. Flux may not cover all products available to you. Check out our Credit Guide and Financial Services Guide for more information.

All information contained in the Flux app, www.flux.finance, www.joinflux.com, app.flux.finance and any podcast of Flux Media Pty Ltd (ABN 27 639 804 345) is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. Flux Media Pty Ltd is the owner of the registered trade mark, 'What the Flux'. While we do our best to provide accurate information on the podcast, we accept no responsibility for any inaccuracies that may be communicated.
No items found.