Vacation Rentals

Airbnb is splitting its privately held shares 2-for-1 ahead of its initial public offering, Bloomberg reported Sunday. What Happened: The company’s board of directors has approved the decision to split, which would be reflected in accounts beginning Tuesday, as per a company email seen by...

Airbnb CEO Brian Chesky said Wednesday that former Apple Inc (NASDAQ: AAPL) Chief Design Officer Jony Ive will collaborate with the team at the vacation rental firm on its products and services. What Happened: Ive and his company LoveFrom will work on a “multi-year relationship” with...

Airbnb Inc, the online platform for vacation rental bookings, is planning to undergo an initial public offering in December, according to Reuters. What Happened: Airbnb submitted the IPO documents confidentially with the U.S. Securities and Exchange Commission in August and plans to make the...

Airbnb Inc’s revenues declined and losses piled up in the second quarter, as the home-rental company’s bookings sagged, Bloomberg reported Wednesday. What Happened The San Francisco-based company’s revenues fell to $335 million in the quarter ended June, a drop of 67% ...

There has been no shortage of alternative accommodations since the rise of the sharing economy. Hospitality platforms AirBnB and Expedia Inc (NASDAQ: EXPE) HomeAway have made it easy for travelers to avoid the standard hotel experience. A new startup is disrupting the industry even further in the...