Airbnb Cuts Deals With Landlords Who Embrace Short-Term Renting: Full Video
Photo Credit: Jesse Stein, global head of real estate at Airbnb, at the Skift Short Term Rental Summit 2023 in June 2023. Source: Skift. Skift / Ryan Bourque
Skift Take
Airbnb's global head of real estate talks about the company's side hustle, which you probably haven't heard about yet. The travel giant's rivals will listen and take notes.
Airbnb claimed growing traction for a listing service where owners of multi-family properties allow tenants to rent out their units from time to time. The real-estate program, launched in the U.S. last November with about 175 buildings in 25 markets, now has 260 properties in 40 markets.
“About 35% of the housing stock is rentals, and we haven’t scratched the surface of that,” said Jesse Stein, global head of real estate at Airbnb, during an interview on-stage on June 7 at Skift’s Short-Term Rental Conference in New York City.
Landlords are allowing rentals on Airbnb for roughly 100,000 U.S. apartments in exchange for a share of up to 25% of the revenue, Stein said in an interview with Seth Borko, a senior research analyst at Skift. (You can watch a full video and read a transcript below.)
https://youtu.be/c_iYOtUuyfI Interview TranscriptSeth Borko: Did you guys recognize the voice of God? It wasn't Jane
