A major contributor to this article appears to have a close connection with its subject.(June 2019)
This article needs to be updated.(June 2023)
This is a timeline of Airbnb, a company that brokers private lodging rentals through its website.
|Year||Month and date||Event type||Details|
|2007||October||Idea creation||Brian Chesky and Joe Gebbia create the initial concept for AirBed & Breakfast during the Industrial Design Conference held by Industrial Designers Society of America. The original site offers short-term living quarters, breakfast and a unique business networking opportunity for attendees who were unable to book a hotel in the saturated market. Chesky and Gebbia themselves use Airbnb to help meet the rent for their loft in San Francisco.|
|2008||February||Team||Harvard University graduate and technical architect Nathan Blecharczyk joins as the third co-founder of AirBed & Breakfast.|
|2008||August 11||Product||The Airbedandbreakfast.com website launches.|
|2008||August–November||Funding||To raise enough seed money to sustain their business, Airbnb sells cereal boxes for Barack Obama and John McCain. They sell 800 boxes at $40 each, netting $30,000 in funding for the company. Their most successful single sale event is the Democratic National Convention in August 2008.|
|2009||January||Funding||Airbnb is accepted into Y Combinator's Winter 2009 batch and receives $20,000 in funding. Y Combinator co-founder Paul Graham says that even though he is not a fan of Airbnb's idea, he is impressed by their creative methods for bootstrapping their funding situation by selling cereal.|
|2009||March||Product||The website name is shortened from Airbedandbreakfast.com to Airbnb.com, and the site's content has expanded from air beds and shared spaces to a variety of properties including entire homes and apartments, private rooms, castles, boats, manors, tree houses, tipis, igloos, private islands and other properties.|
|2009||March||Funding||Airbnb raises $585,000 from Sequoia Capital and $30,000 from Youniversity Ventures partners Jawed Karim, Keith Rabois, and Kevin Hartz in a seed round valuing the company at $2.4 million.|
|2010||June 21||Team||In response to increasing overcrowding at his residence, that is doubling up as an Airbnb office, co-founder and CEO Brian Chesky decides to move out of his apartment and live using Airbnb for a few months.|
|2010||November||Funding||Airbnb receives $7.2 million in Series A funding from Greylock Partners and Sequoia Capital, and announces that out of 700,000 nights booked, 80% had occurred in the past six months.|
|2011||February||Usage milestone||Airbnb announces its 1 millionth booking since the website launch in August 2008.|
|2011||March 16–17||Funding||Venture capitalist Fred Wilson publishes a blog post saying that his firm's decision not to invest in Airbnb was a mistake. The next day, Y Combinator co-founder Paul Graham publishes (with permission) correspondence between himself and Fred Wilson about the possibility of Wilson investing in Airbnb.|
|2011||May 25||Endorsements||Actor and partner at A-Grade Investments, Ashton Kutcher, announces a significant investment in the company and his role as a strategic brand advisor for the company.|
|2011||May 31||Acquisitions by Airbnb, international expansion||Airbnb acquires Accoleo, a small German clone of its service, thereby expanding to Germany.|
|2011||July 24||Funding||Airbnb raises $112 million in additional funding. The investment round is led by Andreessen Horowitz and other investors include DST Global Solutions and General Catalyst.|
|2011||October||Funding, controversy||An email allegedly written by Chamath Palihapitiya to Airbnb CEO Brian Chesky, that was critical of the manner in which Airbnb was structuring its funding round, is leaked to Kara Swisher of AllThingsD. A follow-up reveals that new aspects of the deal are in development that might alleviate some of the concerns expressed by Palihapitiya, and he is reconsidering his decision not to invest in the funding round. He also expressed regret about the email being leaked, and he said that he was not responsible for the leak.|
|2011||October||International expansion||Airbnb opens up its second international office in London in the United Kingdom.|
|2012||January||Usage milestone||Airbnb announces its 5 millionth booking.|
|2012||(early year)||International expansion||Airbnb opens six international offices, in the cities Paris, Milan, Barcelona, Copenhagen, Moscow, and São Paulo. These are in addition to existing offices in San Francisco, London, Hamburg, and Berlin where Airbnb maintains its international presence for the EMEA markets within a German incubator space.|
|2012||June||Usage milestone||Airbnb announces its 10 millionth booking.|
|2012||July 25||Acquisitions by Airbnb, international expansion||Shortly before the 2012 Summer Olympics Airbnb acquires London-based rival CrashPadder, subsequently adding six thousand international listings to its existing inventory.|
|2012||November 2||International expansion||Airbnb co-founder and CEO Chesky announces his focus on Australia, the second largest Airbnb market behind the United States, as well as Thailand and Indonesia. To support this effort, Airbnb opens its 11th office in Sydney. The Australian consumer accounts for one-tenth of the Airbnb user base.|
|2012||November 12||International expansion||Airbnb announces its strategy to move more aggressively into the Asian market with the launch of their newest headquarters in Singapore. The company's goal is to acquire an additional 2 million properties within the continent.|
|2012||November 13||Acquisitions by Airbnb||Airbnb acquires NabeWise, a city guide that aggregates curated information for specified locations, in November 2012. This acquisition shifts the company focus toward offering hyperlocal recommendations to travelers.|
|2012||December 13||Acquisitions by Airbnb||Airbnb announces the acquisition of Localmind. Localmind is a location-based question and answer platform that allows users to post questions about specific locations online. These questions are then answered in real-time by experts on the specified territories.|
|2013||September||International expansion||Airbnb announces that European headquarters would be located in Dublin, Ireland.|
|2014||January 31||Partnerships||Airbnb announces plans to partner with home cleaning services whereby the home cleaning service is available at a discount to those who are about to host people via Airbnb, in order to incentivize hosts to prepare homes well for guests and also give guests a more standardized experience. Prospective partners include Homejoy and Handybook.|
|2014||March 14||Company||Airbnb announces plans to open a new "operational headquarters" for North America in Portland, Oregon, in summer 2014, but indicated that its main North American headquarters would remain in San Francisco.|
|2014||April (unofficial rumors), August 1 (announcement in SEC filing)||Funding||It is announced in April that Airbnb is getting an investment by TPG Capital at a valuation of approximately $10 billion. The amount of funding is variously reported as $450 million and $500 million. On August 1, the round is revealed to be a $475 million round.|
|2014||July 16||Product||Airbnb reveals design revisions to their site and mobile app, and introduced a new logo. Some consider the new icon to be visually similar to genitalia, but a consumer survey by Survata shows only a minority of respondents thought this was the case.|
|2014||July 21||Partnerships||Airbnb announces that its home cleaning trial will be in three cities, and lists Handybook as its sole partner. Homejoy, which had earlier been listed as a partner, is dropped.|
|2014||July 28||Partnerships||Airbnb announces a partnership with Concur, an expense reporting service for businesses, to make it easier for business travelers to report Airbnb stays as business expenses.|
|2014||September 17||Financial/legal||Airbnb announces that it will start collecting and remitting a 14% tax for short-term rentals in San Francisco starting October 1.|
|2014||October 23||Funding||Airbnb announces arrangements for an employee stock sale. Valuations for the sale are rumored at around $13 billion.|
|2014||October 27||Financial/legal||San Francisco Mayor Ed Lee signs a law making short-term rentals legal in San Francisco, thereby legalizing Airbnb. The law gets the moniker of "Airbnb law" because Airbnb is the most affected company.|
|2014||November 3||Financial/legal||Vacation rental company HomeAway sues San Francisco for the Airbnb Law.|
|2014||November 20||Product||Airbnb expands its liability insurance program for hosts and landlords. Whereas the initial liability insurance program was limited to property damage due to the guest, the new program $1 million worth of protection in the case a guest is accidentally injured anywhere in a host's building or on their property during their stay. Rentals starting January 15, 2015 will automatically be covered under the new program.|
|2015||January 30||Financial/legal||Airbnb announces that it will start collecting taxes in Amsterdam, San Jose, Chicago, and Washington, D.C.|
|2015||February 25||Partnerships||Airbnb announces a partnership with Deutsche Telekom, the parent company of T-Mobile, to have its app pre-installed on mobile phones in 13 countries. Those who register for the service via DT will get 30 euros of vouchers to stay in Airbnb rooms.|
|2015||April 29||Product, accessibility||Airbnb launches an official iPad app.|
|2015||June 4||Product||Airbnb adds a pricing recommendation tool, called Price Tips, offering suggestions on appropriate prices for people renting our apartments.|
|2015||June 28||Funding||Airbnb closes $1.5 billion in additional funding, bringing its funding total to $2.3 billion. The valuation for the round is $25.5 billion. Both the amount raised and the valuation are higher than those originally projected when rumors of the round originally circulated in late February/early March (when the numbers were $1 billion and $20 billion respectively).|
|2015||August 25 (announcement), October 1 (start date)||Legal||Airbnb announces that it will start collecting a tourist tax on Airbnb rentals in Paris starting October 1. The tax amount will be 0.83 euros per night.|
|2015||September 3||Product||Airbnb releases an app for the Apple Watch, whose main focus is to facilitate communication between guests and hosts.|
|2015||September 11||Acquisitions by Airbnb||Airbnb announces its acquisition of Vamo, a company based in Seattle whose product is a multi-city trip planning app. The app would be shut down as part of the acquisition; the purpose of the acquisition is to use the team's expertise to help with the aspects of the user experience related to travel beyond just booking an Airbnb.|
|2015||November 4||Financial/legal||San Francisco voters vote No on Proposition F, a measure to restrict Airbnb rentals in the city. In the run-up to the vote, Airbnb spent over $8 million in advertising to the public against the measure, whereas groups supporting Proposition F spent less than a million dollars. As part of its advertising campaign, Airbnb put out ads highlighting the role that the $12 million in taxes paid by it has played in funding city operations, but the ads are perceived by many as tasteless, so the company withdraws them and apologizes.|
|2015||November 12||Product, partnerships||Airbnb announces a new "Business Travel Ready" badge and host tools.|
|2016||June||Legal||Airbnb sues the city of San Francisco over a new law that would require Airbnb to verify that their hosts are registered with the city.|
|2016||July||Funding||Airbnb is reported to be raising $850 million at a $30 billion valuation.|
|2016||August||The city of Barcelona cracks down on homes that are illegally rented out to tourists, including houses listed on Airbnb. In addition, Barcelona's town hall announces that it would fine Airbnb and HomeAway (a similar service).|
|2016||September||Acquisition||Airbnb acquires the travel startup Trip4real.|
|2016||September||Product||Airbnb launches their "Friendly Buildings Program", which lets landlords and homeowners associations collaborate with Airbnb to create hosting rules, update leases and agreements to allow home-sharing, and to share portions of their tenants' reservation income.|
|2016||October||Competition||Two Airbnb rivals, Wimdu and 9flats, consolidate in a merger.|
|2016||October||Legal||Airbnb sues New York City over a new legislation that would make it illegal for Airbnb to display housing units that cannot be rented legally, and would also allow fines of up to $7,500 on hosts who rent out housing illegally. In its suit, Airbnb argues that the liability for rental listings belongs to the hosts who post them.|
|2016||November||Product||Airbnb launches the "experiences" feature in the Airbnb app. This feature allows hosts to offer tours and events in addition to places to stay.|
|2016||December 2||Legal||Airbnb settles the lawsuit it filed against New York City. Airbnb agrees to drop the suit as long as the city fines only the hosts and not Airbnb.|
|2017||January 28||Brian Chesky, CEO of Airbnb, tweets that the company will give free housing to refugees and any others not allowed into the United States as a result of President Trump's executive order to temporarily ban refugees from the United States.|
|2017||February 16||Acquisition||Airbnb acquires Luxury Retreats, an Airbnb-like service for high-end homes and premium vacation homes. The deal is reported to be $200–$300 million. As of the time of the deal, it is Airbnb's largest acquisition.|
|2017||February||Acquisition||Airbnb acquires Tilt, a social payment startup.|
|2017||November 13||Acquisition||Airbnb acquires AdBasis, advertising technology platform built for A/B testing and Multivariate ad testing.|
|2017||November 16||Acquisition||Airbnb acquires Accomable, a startup focused on travel accessibility.|
|2017||November 28||Product||Airbnb began allowing users to split payments with up to 16 other travelers.|
|2017||December||Product||Following a cash infusion from Brookfield Property Partners, Airbnb announces their "Niido" line of apartment buildings designed for tenants to rent out their units for up to 180 days per year on Airbnb, in conjunction with their landlords. Two Niido properties opened the following year in Nashville, Tennessee and Kissimmee, Florida.|
|2018||February||Product||Brian Chesky revealed the company's intention to launch an airline.|
|2018||February||Product||Airbnb announced Airbnb Plus, a collection of homes that have been vetted for quality of services, comfort and design, as well as Beyond by Airbnb, which will offer luxury vacation rentals.|
|2019||January||Acquisition||Airbnb acquires Gaest, an Aarhus, Denmark-based startup, which provides a platform for posting and booking venues for meetings and other events.|
|2019||March||Acquisition||Airbnb acquires HotelTonight, a website for booking last-minute hotel rooms, for over $400 million.|
|2019||June||Product||Airbnb announces their "Natiivo" line of condo hotels, which feature amenities such as 24-hour concierge, valet parking, co-working spaces, and other amenities. The first two Natiivo locations are planned for Austin, Texas and Miami, Florida.|
|2020||August||IPO||Airbnb announces it has confidentially filed for an initial public offering.|
|2020||November||IPO||Airbnb files its public S-1 IPO filing.|
Expedia Group, Inc. is an American travel technology company that owns and operates travel fare aggregators and travel metasearch engines, including Expedia.com, Hotels.com, Vrbo, Travelocity, Hotwire.com, Orbitz, Ebookers, CheapTickets, CarRentals.com, Expedia Cruises, Wotif, and Trivago. Over 3 million lodging facilities and flights on over 500 airlines are bookable on the company's websites. It has 16,500 employees, and its headquarters are located in Seattle, Washington.
Dropbox is a file hosting service operated by the American company Dropbox, Inc., headquartered in San Francisco, California, U.S. that offers cloud storage, file synchronization, personal cloud, and client software. Dropbox was founded in 2007 by MIT students Drew Houston and Arash Ferdowsi as a startup company, with initial funding from seed accelerator Y Combinator.
Turo is an American peer-to-peer carsharing company based in San Francisco, United States. The company allows private car owners to rent out their vehicles via an online and mobile interface in 4 countries.
Fabrice Grinda is a French entrepreneur, blogger for Business Insider and super angel, with more than 200 investments around the world, including Alibaba Group, Airbnb, Beepi, FanDuel, Palantir, and Windeln. Grinda is the co-founder and former CEO of Aucland, Zingy, and OLX and is a frequent conference speaker on trends in technology, emerging markets, and investing.
HomeAway was a vacation rental marketplace. It operated through 50 websites in 23 languages through which it offered rentals of cabins, condos, castles, villas, barns, and farmhouses.
Airbnb, Inc. is an American San Francisco-based company operating an online marketplace for short- and long-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia. Airbnb is a shortened version of its original name, AirBedandBreakfast.com. Airbnb is the most well-known company for short-term housing rentals.
9flats is an online marketplace enabling people to lease or rent short-term lodging. The company does not own any lodging; it is merely a broker and receives commissions from both guests and hosts in conjunction with every booking.
Wimdu, powered by HomeToGo, is an online marketplace for booking lodging, accessible by website and mobile app for iOS and Android. The company does not own any lodging; it is merely a broker and receives commissions from every booking. It is set up as a "clone" of similar websites. Wimdu searches and redirects users to the website that has the relationship with the lodging provider such as Expedia, Booking.com, HomeAway, Vrbo, Hotels.com, TripAdvisor, FlipKey, and Airbnb.
Chamath Palihapitiya is a Sri Lankan-born Canadian and American venture capitalist, engineer, SPAC sponsor, founder and CEO of Social Capital. Palihapitiya was an early senior executive at Facebook, working at the company from 2007 to 2011. Following his departure from Facebook, Palihapitiya started his fund, The Social+Capital Partnership, through which he invested in several companies, including Yammer and Slack. The Social+Capital Partnership changed its name to Social Capital in 2015. He is a co-host of the technology podcast All In where he "refers to people less successful than him as “mids.""
HotelTonight is a travel agency and metasearch engine owned by Airbnb and accessible via website and mobile app. It is used to book last-minute lodging in the Americas, Europe, Japan and Australia.
This is a timeline of online money transfer and e-commerce service PayPal, owned by eBay from 2002 to 2015 and an independent company before and after that.
This is a timeline of Pinterest, an Internet service that serves as a "visual discovery tool", as well as the eponymous company.
Social Capital, formerly known as Social+Capital Partnership, is a venture capital firm based in Palo Alto, California. The firm specializes in technology startups, providing seed funding, venture capital, and private equity.
OYO Rooms, also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries.
Peerspace is a peer-to-peer marketplace for booking space for events, meetings and productions. Launched in February 2014, Peerspace is a privately owned company operating in the San Francisco Bay Area, Los Angeles, New York, Chicago, Austin, Seattle and Washington D.C.
Taboola is a public advertising company headquartered in New York City. The CEO of Taboola is Adam Singolda, who founded the company in 2007. It provides advertisements such as "Around the Web" and "Recommended For You" boxes at the bottom of many online news articles. These sponsored links on publishers' websites send readers to the websites of advertisers and other partners. These online thumbnail grid ads are also known as chumbox ads.
Guesty is a property management software. It is used by property managers to manage short-term rentals listed on multiple platforms such as Airbnb, Vrbo, and Booking.com.
Arjun Sethi is an American internet entrepreneur, investor and executive. He is co-founder and partner at venture capital firm Tribe Capital. He previously was partner at Social Capital and served as an executive at Yahoo! where he launched Yahoo! Livetext. Before that, he was co-founder and CEO of MessageMe and he was CEO of Lolapps, the developer behind Ravenwood Fair.
Hopper, Inc. is a travel booking app and online travel marketplace that sells flights, hotels, rental cars, and short-term rentals. The company is headquartered in Montreal, Canada and Boston, Massachusetts.
Boatsetter is an American online platform that provides boat rentals. It is based in Fort Lauderdale, Florida.
The law recently passed by the state legislature would bar even advertising a rental that violates that existing law, which could help regulators crack down on Airbnb itself in addition to the users of its service.
But Airbnb on Friday agreed that it would drop the suit as long as New York City enforces the new law only against hosts and does not fine Airbnb. The settlement takes effect on Monday.