Airbnb CEO Says Company Will Need Millions More Hosts To Meet Demand

The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York City on December 10, 2020.

Got Betancur | AFP | Getty Images

Airbnb is going to need millions of new hosts to meet inbound demand as travel picks up, CEO Brian Chesky told CNBC.

“To meet demand over the next few years, we’ll need millions more hosts,” Chesky said in an interview that aired Friday on CNBC’s “TechCheck”. Currently, the home sharing platform has 4 million hosts.

“I think we’re probably going to have a high cost issue where there are likely going to be more guests at Airbnb than we have hosts for because what we’re thinking is we think there’s going to be a rebound in travel. coming that is unlike anything we’ve. ever seen, “Chesky added.” We’re working hard to have more hosts on the platform. “

The travel industry is seeing a surge in business as more Americans get vaccinated and state restrictions ease. But for Airbnb, which relies on people to open their homes to customers, the company will need to increase its host count instead of building more real estate or adding flights to meet demand.

It’s a similar problem facing other companies in the odd-job economy like Uber, which recently announced a $ 250 million raise in an effort to bring more drivers to its platform.

“As vaccination rates increase in the United States, we are seeing consumer demand for mobility recovering faster than driver availability, and consumer demand for delivery continues to exceed courier availability. Uber said in a filing with the Securities and Exchange Commission.

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Chesky said Airbnb likely won’t offer “a lot of incentives” to bring new hosts on board since there is already a huge demand for the service.

“I think all we have to do is keep telling our story of Airbnb and the benefits of hosting. And we’re seeing a lot of interest,” he said.

In this connection, Chesky said that the company had done things like launching its “made possible by the hosts“Advertising campaign. The company has deployed a number of advertisements using photographs of Airbnb customers staying in homes around the world, in an attempt to create a sense of nostalgia.

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