Yes, Airbnb has launched a business unit and some 50,000 companies have used the platform to make a booking, according to industry stats. But as a Morgan Stanley Global Insight report on Internet, Lodging, Leisure and Hotels published in November 2015 noted, traditional hotels were still safe:

Our survey shows that only 42% of Airbnb users are substituting away from traditional hotels. 36% switch from bed & breakfasts, 31% are using Airbnb rather than staying with friends and family, and ~20% are using Airbnb over vacation rentals. This, combined with the fact that only 7% of Airbnb users stay 1 night (vs 25% for traditional hotels), speaks to how Airbnb (for now) is primarily focused on non-hotel, leisure, longer-duration stays, rather than corporate single-night stays. We believe corporate travel will continue to be more difficult for Airbnb to penetrate given safety and privacy concerns holding back adoption, and the higher importance corporate travelers place on amenities (loyalty programs, business centers, restaurants, etc.).

Three Agreements

Instant Insights /

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