While traveling, everyone expects to have a great home stay instead of hotels or motels. While tourists suffer with expensive costs, which makes their pockets burnt and uncomfortable. To solve this major problem, Airbnb has started its unique initiative of home stays in lodging, hospitality and logistics worth $2.6 billion as one of the top start-up initiatives. Brain Chesky, after completing his graduation at the ceremony, he, along with his friend, couldn't afford to stay in a hotel due to financial constraints. This paved the way towards their ambition to start a home stay for everyone.
Initially, it started by visiting independent homes and talking to people about the ideas. Eventually, many people liked it, and admired the concerns of tourists and students who wanted a comfortable stay in the US. They offered lower rent amounts and gave free authority to home owners to decide and later asked them for commissions. This idea impressed everyone and quickly became a popular brand of home stays while traveling. Many big companies have decided to invest and fund startups.
Airbnb became so popular due to its popular marketing strategies and campaign. During the presidential elections, they used Obama as their brand promotion and successfully participated in election campaigns. During the Olympics and the FIFA World Cup, they offered free stays on Airbnb, which made people realize how important it is to stay comfortable, even while traveling across the globe. Brain Chesky was listed in Forbes and among the 100 most influential persons in the world. Today it has a market value of $108 billion.
