For the first time, Airbnb has surpassed 7 million listings in over 100,000 cities, establishing itself as the leading platform with the largest number of accommodations in the world, way ahead of Booking.com (5.7 million) and Vrbo (2 million). In 2019, nearly 1,000 cities have more than 1.000 Airbnb listings, while back in 2011 only 12 cities did.
The growth of the Airbnb community has boosted the business. In the second quarter of 2019, Airbnb recognized more than $1 billion in revenue. This means that six guests check into an Airbnb listing every second! Furthermore, these numbers aren’t concentrated anywhere in the world. Statistics show that no single city accounts for more than roughly 1% of Airbnb guest arrivals or listings. As of now, Airbnb is one of the technology giants set to go public next year and it is expected the rental platform could be valued up to $ 31 billion.