airbnb
San Francisco (AFP) - Airbnb on Monday said it is banning security cameras inside guest homes so as to prioritize privacy. The home rental platform previously allowed indoor security cameras in common areas such as hallways and living rooms if they were clearly visible and disclosed in listings before people booked such properties. However, people have complained on social media about finding seemingly hidden cameras in Airbnb lodgings, some of them in areas where privacy is expected. "Airbnb is banning the use of indoor security cameras in listings globally as part of efforts to simplify our...
AFP
San Francisco (AFP) - Airbnb said Tuesday revenue in the recently ended quarter topped $2 billion as people shook off pandemic worries and took part in a banner travel season. The home rental platform logged a net income of $379 million in what it touted as the most profitable second quarter in its history. As a sign of confidence in its future, the San Francisco-based company announced it will devote $2 billion to buying back shares. "During the height of the pandemic, we made many difficult choices to reduce our spending, making us a leaner and more focused company," the company said in a le...
AFP
New York (AFP) - Airbnb has made permanent its pandemic-era prohibition of parties at the properties rented out globally through its app, saying Tuesday the rules have been effective against problematic events. The rental platform has gradually tightened its policies on parties after complaints and some high-profile trouble, including a 2019 shooting that killed five in California. Airbnb provisionally barred events in 2020 as a measure against the spread of Covid, but it turned out to also be effective against large or disruptive gatherings. "Over time, the party ban became much more than a p...
AFP
New York (AFP) - Seeking to address "over-tourism" at popular destinations, Airbnb unveiled Wednesday a new feature that encourages users to search by trip category, not only destination. The goal is to "redistribute" users away from traveler-jammed venues, such as Venice, Paris or the biggest US cities, Airbnb executives said. Under the new Airbnb program, consumers can pick from up to 56 categories such as "beach," "countryside," "iconic cities" or "design" the latter showcasing homes featured in architectural magazines. Some four million properties are tagged, with more categories to be add...
AFP
New York (AFP) - Intel and Airbnb announced they were pausing business in Russia and Belarus on Thursday, joining a US tech freeze-out of Moscow over its invasion of Ukraine. The United States and European allies have imposed tough sanctions on Russia over the attack, with major corporations across a range of industries following suit by freezing business in the country. Apple has halted all product sales in Russia and limited the use of Apple Pay, while Facebook, YouTube and Microsoft have moved to curb the reach of Russian state-linked news outlets. "Intel condemns the invasion of Ukraine b...
AFP
San Francisco (AFP) - Airbnb said Thursday it expects "a travel rebound unlike anything we have seen before" as the home sharing platform posted a big loss for the past quarter. The San Francisco "sharing economy" firm reported a loss of $1.2 billion in the first quarter, due largely to one-time costs for accounting requirements, loan payments and other items. Revenue was up five percent from a year earlier to $887 million, with gross bookings up 52 percent to $10.3 billion. The company said travel is showing signs of a strong rebound as the world emerges from the coronavirus pandemic. "We be...
AFP
San Francisco (AFP) - Airbnb said in its stock market filing Monday that its home-sharing model proved resilient during the global pandemic, as it posted a profit for the just-ended quarter.The San Francisco-based startup delivered a $219 million profit in the three months ending in September, but nonetheless lost $697 million in the first nine months of the year amid a 32 percent revenue drop as the Covid-19 outbreak crushed the travel sector.In its first public release of its financial data, Airbnb said its home-sharing model has been "resilient" compared with others in the sector during the...
AFP
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