Airbnb's CEO, Brian Chesky, announced plans to transform the company into a comprehensive travel platform akin to Amazon. During a recent earnings call, he revealed an investment of $200 to $250 million for new offerings on the app, set to launch in May. Chesky emphasized expanding beyond short-term rentals, aiming to create a one-stop-shop for all travel-related needs. He expressed a desire for increased usage of the app, hoping it evolves into a frequently used service, boosting revenue from its recent quarter of $2.48 billion, a 12% year-over-year rise.
Chesky said the platform would "expand beyond short-term rentals into becoming an extensible platform with a range of new offerings."
He likened Airbnb's new venture to Amazon, saying that the e-commerce giant started with books, expanded to the "nearest adjacency," which was DVDs and CDs.
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