Brian Chesky said he thinks Airbnb should be growing a lot faster. Here's what he thinks it will take.
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Brian Chesky said he thinks Airbnb should be growing a lot faster. Here's what he thinks it will take.
""Listen, I'm not happy about where the growth rate is at the company," Chesky said. "I think Airbnb should be growing significantly faster. It should at least be growing in the teens, and I aspire to run the kind of company that'd be growing at more than 20% one day.""
""We grew the company like a rocket ship, but what happened was we didn't really build a lot of the foundation to build a sustainable company," he said."
""layer on many businesses.""
Airbnb's revenue growth slowed from 40% in 2022 to 18% in 2023 and 12% in 2024, with 6% year-over-year growth in Q1 2025 and 13% in Q2. The company plans to accelerate its core home rentals business while layering on services and experiences to drive higher revenue growth. The firm cut costs during the pandemic, went public in 2020, and returned to profitability by 2022. Leadership characterizes the earlier period as hypergrowth that lacked foundational investments, prompting a rebuild from the ground up. The company plans to become an AI-first app to support future expansion.
Read at Business Insider
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