The World Economic Forum Praises Airbnb for Vision and Innovation
An Airbnb pen at a Budapest launch party. Airbnb Community / Flickr
Airbnb’s inclusion on the lauded list of tech pioneers is a positive talking point for the startup and one that will likely be used as it continues its fight for legitimacy in cities around the world.
Every year the World Economic Forum celebrates a number of companies based on their innovation and vision in the fields of health, environment, information technology, and new media. The chosen companies highlight growing global trends and and industry shifts.
Candidates are submitted every year by WEF Members, contributors, and the public.
A selection committee that includes CEO of Yahoo Marissa Mayer and President and Editor-in-Chief of Huffington Post Arianna Huffington then vets all candidates based on innovation, potential for long-term impact and sustainable growth, visionary leadership, and execution.
WEF uses Airbnb to represent the sharing economy, which it describes as a “potentially revolutionary trend.”
The “sharing economy” is another potentially revolutionary trend: from broadband connections to do-it-yourself equipment to their own time and skills, many people own things they don’t use all the time. The Internet is making it possible to monetize such spare capacity. This trend is represented this year by Airbnb, which is transforming the travel sector by enabling people to rent out rooms in their homes or entire properties.
According to the World Economic Forum’s interview with Airbnb co-founder Nathan Blecharczyk, approximately 140,000 people stay in Airbnb accommodations every night.
Previous Technology Pioneers include Twitter, Kickstarter, and Google.
The full report on Technology Pioneers 2014 is below.