AIRBNB CEO
Nikesh Arora: Meet the Indian-origin CEO earning more than Google’s Sundar Pichai, Microsoft’s Satya Nadella
The report from data analytics firm C-Suite Comp featured two lists based on different metrics: "total compensation granted" in 2023 and "compensation actually paid." Sundar Pichai of Google and Satya Nadella of Microsoft, despite their prominent positions and successful years, did not appear on either list. Nikesh Arora is the only Indian-American to make it to the list of the top 10 highest-paid CEOs in the United States. Here's all you need to know about the Indian-origin CEO .
India's first time millennial, Gen Z bookers present a vast, untapped opportunity: Nathan Blecharczyk, Airbnb co-founder and chief strategy officer
Airbnb in India saw a 30% increase in bookings in 2023, emphasizing unique stays. Nathan Blecharczyk highlighted collaborations to boost local tourism, targeting millennials and Gen Z. The company reported $2.2 billion revenue in Q4 2023.
Janhvi Kapoor's Chennai home now listed on Airbnb: Check out other celebs renting out their mansions
Bollywood actress Janhvi Kapoor's childhood home in Chennai, once owned by her late mother Sridevi, is now available for an exclusive stay on Airbnb's Icons category. Guests can immerse themselves in luxury, enjoy authentic South Indian cuisine, and experience personalized hospitality, making it a unique opportunity to step into the world of Bollywood glamour.
When Miko Robot employees stayed in an Airbnb for 90 days to make 50,000 units
The CEO of the company that makes AI-based companion robots, Sneh Vaswani, explains that entrepreneurs have to adapt to the situation and overcome challenges to grab growth opportunities.
Solar eclipse boosts travel as Americans chase rare celestial event
The upcoming solar eclipse drives high demand for lodging and travel in the United States. Airbnb, AirDNA, and Hertz report significant surges in bookings and prices, with international visitors flocking to witness the celestial event.
Y Combinator CEO Garry Tan: San Francisco's 'Twitter menace' or true believer?
Y Combinator CEO Garry Tan is one of a cadre of love-them-or-hate-them tech executives and investors with lots of opinions about San Francisco and endless piles of cash to, as they say in the tech industry, move fast and break things.
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Airbnb agrees to pay $621 million to settle a tax dispute in Italy
Short-term rental platform Airbnb has agreed to pay 576 million euros ($621 million) to settle a years-long dispute over unpaid taxes in Italy but said it won't try to recover the money from its hosts.
The Sam Altman-OpenAI saga: top developments you need to know
The board of the Silicon Valley-based maker of AI chatbot ChatGPT suddenly ousted Sam Altman - one of the most influential tech entrepreneurs of our times - stating “he was not consistently transparent in his communications, hindering the board's ability to fulfill its responsibilities”.
The perpetual rise of Sam Altman takes an unexpected turn
Speculation, shock and memes about the sudden shakeup blazed through the tech industry. What happened? The details are still coming out, but Sam Altman and the board had clashed on discussions over how to minimize the possible harms of AI. One thing is already clear: Some of Altman’s relationships within AI had gone off the rails.
'Saddened by what’s transpired': Business leaders react to OpenAI CEO Sam Altman's ouster
Brian Chesky, cofounder and CEO of Airbnb, backed Altman saying, "Sam Altman and Greg Brockman have my full support. I’m saddened by what’s transpired. They, and the rest of the OpenAI team, deserve better."
Airbnb acquires AI startup GamePlanner
GamePlanner.AI was cofounded by Adam Cheyer, who was also one of the founders of Apple's voice assistant Siri.
Airbnb CEO urges Parisians to put homes up for rent for Olympics
Airbnb, which became an Olympic partner in 2019, is dealing with pushback from local authorities across the world amid competition between short-stay holiday rentals and longer term rentals for residents. Chesky said it would be made clear to hosts that the listings with the best value for money would be given priority for search results.
CEOs from Alphabet, Walmart, Pfizer meet White House officials on refugees
Chief executives from a wide array of US companies will meet White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said.
Elon Musk dreams of a Swiss army knife of apps. Is he taking a stab in the dark?
Musk's rebranding of Twitter to its product name, "X", may have caused the company to lose anywhere between $4 billion and $20 billion in value, according to brand experts and analysts. Musk's ambitious goal to turn Twitter into an "everything app" or super app has caused concern due to the firm's history of controversies and poor record of data privacy.
Airbnb forecasts fewer bookings, lower prices in Q2; shares slump
The company's gross booking value increased 19% to $20.4 billion in the first quarter from a year earlier, in line with a 19% increase in nights and experiences bookings to 121 million. Average daily rates were flat year-on-year at $168.
Airbnb posts $117 million profit, but 2Q outlook disappoints
Airbnb reported a $117m profit in Q1 as revenue increased by 20% to $1.82bn. However, while the figures beat analysts’ forecasts, shares in the company fell by almost 12% after it predicted second-quarter bookings and revenue growth would be less than a year earlier. In Q1, the number of nights and experiences booked rose by 19% to 121 million with Airbnb's gross value of bookings worth $20.4bn. The weak outlook for Q2 overshadowed what was Airbnb's first profitable first quarter and CEO Brian Chesky said he is increasingly concerned that rising prices could deter some customers.
ETtech Interview | India to be one of our biggest growth markets this decade: Airbnb CEO Brian Chesky
In an exclusive interview with ET, CEO and cofounder Brian Chesky spoke about India being one of the biggest growth markets of this decade, the launch of Airbnb Rooms and sweeping new upgrades based on community feedback, global inflationary pressures and their impact on travel and bouncing back from the Covid-19 pandemic.
Exclusive: Airbnb’s Brian Chesky on India’s potential; over 50% staff at Indian unicorns seeking jobs
Bouncing back from Covid-19, Airbnb in 2022 saw a 70% growth in overnight bookings in India, one of its biggest markets, CEO Brian Chesky told us in an exclusive chat. This and more in today’s ETtech Morning Dispatch.
AirBnb launches new upgrades
Over the past year, more than 30 million people have visited Airbnb to learn about hosting. “Airbnb was born during a recession. Joe and I couldn’t afford to pay our rent, so we inflated three air mattresses and created an AirBed & Breakfast. Soon, people all around the world joined us,” said Brian Chesky, CEO and Co-Founder of Airbnb.
Airbnb changes price display on app after customer complaints
CEO Brian Chesky said Airbnb would make four changes starting next month, where guests would be able to see the total price they are required to pay up front.
Twitter weighs charging a fee for blue ticks; Airbnb CEO Brian Chesky reacts
Brian Chesky, the vacation rental company’s boss, said Twitter verification should be free and open for all. Many agreed with him, while others had different takes.
ETMarkets Smart Talk: Indians buying Disney, Airbnb; US IPOs still far fetched, says Viram Shah
"Vested Finance enables Indian investors to put money in the US markets. Now, through our affiliated entity – VF Securities – we are a FINRA-registered US broker-dealer"
Homestays stay buzzing despite 'back to office' calls
Amit Damani, co-founder of villa and bungalow rental company StayVista, said October is an extremely busy month for the chain with festive holidays. "We are the largest luxury villa brand in India with over 500 villas, and basis the demand, are looking to continue expanding our network. We are looking to scale up to over 750 homes in the next six months with an annual run rate of over ₹200 crore," he said.
Amazon executive Jay Carney to join Airbnb as communications head
Carney, who worked at Amazon for seven years as Senior Vice President of Global Corporate Affairs, will start at Airbnb in September and report to co-founder and CEO Brian Chesky. He will be based in Washington.
Airbnb overhauls site searches with categories of rentals
Airbnb said the changes will help people find listings that they didn't know existed before and in locations that they had not considered, taking pressure off overtourism in popular destinations. CEO Brian Chesky called it the biggest change to the company's site in a decade.
Airbnb posts much smaller Q1 loss, revenue doubles from 2021
Still, Airbnb forecast second-quarter revenue of between $2.03 billion and $2.13 billion - above analysts' predication of $1.96 billion, according to a FactSet survey.
Airbnb is suspending all operations in Russia and Belarus, CEO Brian Chesky says
Earlier this week, Airbnb said it is offering free short-term housing for up to 100,000 Ukrainian refugees fleeing the Russian invasion of their country.
Airbnb to provide housing for up to 100,000 Ukrainian refugees, says CEO Brian Chesky
Airbnb.org, a nonprofit established by the home-sharing company, will work with resettlement agencies and NGOs to place Ukrainian refugees across the world.
In the past year, 100,000 guests booked stays of three months or longer, says Airbnb CEO Brian Chesky
Brian Chesky said that he too was going to start staying in an Airbnb accommodation. “Starting today, I'm living on Airbnb. I’ll be staying in a different town or city every couple weeks.”
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