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Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
Airbnb’s valuation puts it on par or above it’s traditional hotel competitors, as well as ahead of profitable rival HomeAway, which has a market cap of $3.7 billion.
Airbnb Inc. is in advanced talks to raise funds that would value the online home-rental marketplace at more than $10 billion and place it among the world’s most valuable startups, according to several people familiar with the process.
Private-equity firm TPG is likely to lead the round, which could total between $400 million and $500 million, said two of the people.
At $10 billion, Airbnb would be valued more highly than some large hotel operators with which it competes. Wyndham Worldwide Corp., which manages 7,500 hotels under the Wyndham, Ramada and other brands, has a market value of $9.4 billion. Hyatt Hotels Corp. is valued at $8.4 billion.