Airbnb: Gets $1B To Bolster Its Host Network
- Airbnb will be getting a leg up financially in the form of help from investors Silver Lake and Sixth Street Partners
- The money will include $5 million going toward Airbnb’s Superhost Relief Fund
- Firstly, Airbnb will do more to “invest in [its] hosts,” and try to help guests feel more welcome in the locations they visit
- Secondly, the company plans to do more work for long-term stays, anticipating a future where people don’t have to be tethered in one place to work
- And finally, Airbnb plans to invest more in “experiences,” which could mean anything unique offered by hosts looking to indulge in their own passions
- Airbnb hosts have been struggling amid the pandemic as people are traveling less
