Tag Archives: Airbnb
Airbnb: Latest News
Global Risk Insights, 6:33 pm
Proponents of the sharing economy say Uber and Airbnb benefit Africa, but who exactly is benefiting? They’re inserting themselves into existing informal sharing dynamics, acting as corporate middlemen and disrupting existing livelihoods. Underdeveloped formal sectors and high unemployment in Africa created the sharing economy out of necessity. Uber and Airbnb are taking a share of the profits.
Reuters, 1:01 am
Airbnb, a US-based online marketplace to list or rent short-term lodgings, expects to double its customer numbers in Africa this year to 1.5 million. Company CEO Brian Chesky was in Cape Town’s oldest township Friday to surprise graduates from an Airbnb training program. He described Africa as “an incredibly exciting emerging market for travel.” The top five Airbnb cities in Africa are Cape Town, Marrakesh, Johannesburg, Nairobi and Casablanca, although listings are found from St. Helena island in the South Atlantic Ocean to Freetown, Sierra Leone, and Somalia.
Dana Sanchez, 1:45 pm
In the process of tapping into the sharing economy, Airbnb tapped into a relatively unfilled niche in Africa — the need for reliable, mid-range accommodation in African cities. Doing so helped Airbnb become the second most valuable U.S. startup in 2016. Valued at $68 billion, Uber is the most valuable startup in the U.S. and across the globe — proof that you can get rich by sharing.
Dana Sanchez, 11:43 am
Disruption is expected to pick up in South Africa’s real estate industry in 2017, a stakeholder says. South African homeowners increasingly want to earn income from their real estate investments. Airbnb — a website that lets homeowners rent out space in their homes — is making it easier to do so. This is expected to impact how people buy property as they look for homes that will double as vacation rentals.
Dana Sanchez, 12:42 pm
While there is plenty of information available online about Airbnb’s growth in South Africa, not much is available on its progress throughout the rest of the continent. We know that Airbnb has 25,000 listings in South Africa, and more than half are in Cape Town. Marriott, meanwhile, is on track to have 205 hotels and 37,000 rooms in all of Africa after its six new African hotels are built. Three of the six new Marriott properties will be in Cape Town.
Dana Sanchez, 10:50 am
Visitors get to experience an alternative side of South African cities with Airbnb. The tourism economy is getting spread around more evenly. In Cape Town — Airbnb’s top South African market — 27 percent of visitors said they wouldn’t have come at all or stayed as long if not for Airbnb. Many said they spent more in local shops and restaurants, often following hosts’ recommendations.
Dana Sanchez, 3:00 pm
For $50, you can stay in the 51st floor penthouse of Africa’s tallest apartment building in downtown Johannesburg — dinner included. Or you can stay at an Airbnb-listed accommodation maintained by the Kigali Art Gallery, which teaches art to genocide survivors and impoverished youth. Airbnb says it was designed for micro-entrepreneurs. Like Uber, the tech-based booking platform is not without critics who blast the sharing economy.
Staff, 11:08 am
Year-on-year supply and demand for internet accommodation service Airbnb is exploding in South Africa with triple-digit percentage growth. This is according to Airbnb general manager for the Middle East and Africa Nicola D’Elia, who is visiting South Africa this week. Airbnb uses internet technology to enable ordinary property owners to rent out rooms and even entire homes to guests from anywhere in the world.
Dana Sanchez, 11:26 am
Airbnb is not a threat to traditional African hotel business models, says the head of Africa for the online lodgings rental website. Instead it’s building local tourism and encouraging entrepreneurship. “Hosts not only share their rooms, but also their culture, traditions and values with the people they let into their houses,” said Nicolai D’Elia. “This benefits a country’s tourism industry, particularly in destinations that do not have mature accommodation infrastructure.”
Staff, 3:53 am
Africa’s new generation of technology entrepreneurs are devising solutions to just about every challenge under the sun – from giving farmers access to markets to alerting commuters on the state of traffic. Many dream of building pan-African, even global, companies. According to Brian Chesky, founder and CEO of home-rental site Airbnb, entrepreneurs should start by not focusing too much on scale.
- Real Estate