Airbnb plans expansion beyond rentals with new services

During the Q2 earnings call, Airbnb CEO Brian Chesky announced plans to diversify Airbnb's offerings beyond short-term vacation rentals. The company will introduce new services such as co-hosting, a relaunch of "experiences," and enhanced guest services. Co-hosting will connect homeowners lacking time to manage listings with individuals who can host. The relaunch of "experiences," paused last year, aims to offer affordable and unique activities such as personal chefs and massages to entice customers.

These initiatives will position Airbnb as a platform for long-term stays and diverse services. The announcement follows a challenging Q2, with profits dropping 15% due to reduced demand from U.S. travelers.

Source: TechCrunch