Airbnb is suspending its operations in Russia and Belarus, Chief Executive Officer Brian Chesky announced on Thursday. Chesky made the announcement on Twitter shortly after the company said it would offer free, short-term housing to up to 100,000 refugees fleeing Ukraine due to the invasion by Russian forces. The home rental company’s CEO did not provide further details as…
Airbnb CEO Announces Company Suspending All Operations in Russia, Belarus
Airbnb ‘Proud’ to Reach ‘Milestone’ Target of Housing 20,000 Afghan Refugees, Plans to House 20,000 More
Airbnb announced on Feb. 22 that it will accommodate another 20,000 refugees from Afghanistan and other countries after meeting its previous goal of housing 20,000. In a statement, the San Francisco-headquartered company said it was “proud” to have met its previous goal of providing free housing to 20,000 Afghan refugees and is marking the “important milestone”…
Marriott, AirBnB, Others See Global Travel Rebounding in 2022
NEW YORK—Marriott and Hilton, two of the biggest U.S. hotel chains, told investors they expect people to resume packing their bags for business and leisure this year at rates not seen since before the pandemic. Hotel and other travel-related companies delivered rosy outlooks in this week’s quarterly results, citing rising vaccination rates and falling COVID-19…
Airbnb Sees Strong First-Quarter Revenue on Travel Demand, Longer Stays
Airbnb Inc. forecast on Tuesday a better-than-expected first-quarter revenue after the short-term home rental company reported strong quarterly results on rising domestic travel and longer stays by guests at higher prices. While the San Francisco-based company was initially hit by the pandemic, its business rebounded as people took trips closer to home where they stayed…
LA Airbnb Reports 2,000 Percent Increase in Rental Searches from Ohio
LOS ANGELES—The Super Bowl attracts millions of eyeballs every year, and when the Cincinnati Bengals earned a spot in the game, their fans turned their attention to Airbnb in hopes of finding places to stay in the Los Angeles area, according to data released on Feb. 7. According to Airbnb, searches by Ohio-based guests for…
Short Term Rental Laws in Major Orange County Cities
Short-term rentals, available through online platforms such as Airbnb and Vrbo, are becoming increasingly popular among travelers as an alternative to hotel stays and for homeowners looking for new income streams. Since the advent of these platforms, places like Los Angeles and San Francisco started regulating the short-term rental market, which has now expanded into…
Treasury Office Settles With Airbnb For Violating Cuban Embargo
The U.S. Treasury Department has reached a settlement with Airbnb for apparent violations of sanctions against Cuba by the company that included unauthorized processing of payments and failure to maintain specific Cuba-related records. Airbnb agreed to remit $91,172.29 and settle its potential civil liability with the U.S. Department of the Treasury’s Office of Foreign Assets…
US Reaches Settlement With Airbnb Over Cuba Sanctions Violations
The U.S. Treasury Department said on Monday it had reached a settlement agreement with a unit of home rental firm Airbnb Inc for violations of U.S. sanctions on Cuba. “Airbnb Payments agreed to remit $91,172.29 to settle its potential civil liability for apparent violations of sanctions against Cuba administered by the Treasury Department’s Office of…
Fountain Valley to Consider Prohibiting or Regulating Short-Term Rentals
FOUNTAIN VALLEY, Calif.—The City of Fountain Valley may become Orange County’s next city to ban short-term rentals, with the city council primed to discuss either banning the operation or adding regulations to the practice at their Dec. 21 council meeting. Short-term rentals are defined by the city as renting a living space for less than…
Airbnb Expands Crackdown on LA Parties Over New Year’s Eve
LOS ANGELES—Airbnb announced Dec. 20 that it is expanding its crackdown on New Year’s Eve parties in Los Angeles and throughout the United States. The vacation rental platform first announced on Nov. 2 that it would prohibit guests without a history of positive reviews on Airbnb from making one-night reservations in entire home listings on…
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