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Brian Chesky said he thinks Airbnb should be growing a lot faster. Here's what he thinks it will take.
Business Insiderยท 2025-09-17 02:40
Core Insights - Airbnb's growth has significantly slowed, with revenue growth rates dropping from 40% in 2022 to 12% in 2024, and only 6% in Q1 2025 [2][3] - CEO Brian Chesky expressed dissatisfaction with the current growth rate and aims for the company to achieve growth in the teens and eventually over 20% [3] - The company is focusing on accelerating its core home rental business while diversifying into additional services and experiences [3][4] Revenue Growth Trends - Revenue growth for Airbnb has been as follows: 40% in 2022, 18% in 2023, 12% in 2024, 6% in Q1 2025, and 13% in Q2 2025 [2] Strategic Initiatives - Chesky indicated that Airbnb is in a phase of reinventing itself, aiming to expand its home rental business both domestically and internationally, and to grow its hotel offerings and services [4][8] - The company relaunched its experiences and introduced new services in May, allowing travelers and locals to book various on-demand services [9] Vision for the Future - Chesky envisions Airbnb as an "everything app," inspired by Amazon's evolution, and aims for it to become an AI-first application [10] - The CEO believes that growth will accelerate in the coming year, although he refrained from providing specific guidance [11]