Airbnb now has more listings worldwide than the top five hotel brands combined
Mike Segar/Reuters
The San Francisco-based startup now offers listings in 191 countries, and its total number of listings is higher than the top five major hotel brands combined.
The US remains Airbnb's biggest market with 660,000 listings, followed by France, Italy, Spain, and the UK. Airbnb's number of US listings puts it in fifth place among the top hotel brands in the country.
Airbnb has also seen an uptick in the number of guests using Instant Book, a feature the company first introduced in 2010 that allows guests to book a stay with one click rather than submitting a reservation request to a host. Now, 1.9 million of Airbnb's listings are instantly bookable.
The company recently had its biggest night of the year on August 5 when more than 2.5 million people stayed using the service.
Airbnb is currently the second-highest valued startup in the US. While the startup has run into legal trouble in San Francisco and New York City in the last year, it raised a massive $1 billion funding round in March that pushed its valuation to $31 billion.
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study