airbnb trend - may02-technologies/data-analytics GitHub Wiki

Airbnb Inc. is a U.S based vacation rental online marketplace company founded in 2008, mainly profits by receiving commission from each booking. Airbnb provides platform for host to accommodate guests with short- term loading and tourist-related activities .

Airbnb host network is worldwide but more business market is based on their US home market. According to the InsideAirbnb statistical data US recorded first place in Airbnb listing and contributed to the company’s income while Australia came 7th place in the Airbnb host listing. The following geographical graph clearly explains the top countries with Airbnb listings and the bar chart shows top 10 countries with direct economic impact from Airbnb based income.

From the data collected from U.S Securities and Exchange Commission, Airbnb revenue growth was about 80% from 2015 to 2016. Also from 2017 to 2018 revenue growth rate was 43%. From 2015 to 2020 Airbnb revenue increased, but the revenue growth rate was decreasing over the period. By the travel restrictions in the tourism industry last year due to COVID 19 Airbnb declined its revenue for the first time (32%) in 2020 compared to the previous year. You can also see the corresponding Airbnb expenditure, Bookings, Cost and Expenses , Gross Booking and Airbnb Valuation details from the line chart provided. Due to pandemic effect Airbnb’s valuation declined to $18 billion dollar in early 2020 compared to the $ 38 billion in 2018. According to Forbes magazine report, it showed an increase in value to $30 billion when the company set up their initial public offering by the end of the year.