Airbnb’s CEO and co-founder says he’ll work remotely and transfer from metropolis to metropolis each couple of weeks — staying, appropriately sufficient, at a distinct Airbnb rental.

“Beginning right this moment, I’m dwelling on Airbnb,” Brian Chesky tweeted on Tuesday. “I’ll be staying in a distinct city or metropolis each couple of weeks.”

Chesky, whose net worth is estimated by Forbes to be around $12.5 billion, plans emigrate from one Airbnb to a different.

The San Francisco resident, who insists he’ll return to the Bay Space “typically,” tweeted his plans to decamp to Atlanta this week earlier than occurring to different locations.

Chesky, 40, mentioned he’s doing it as a result of “it’ll be enjoyable, however extra importantly it should assist us enhance the expertise for individuals who can now reside anyplace.”

He cited his firm’s personal information exhibiting a pointy enhance within the variety of long-term leases for the reason that onset of the coronavirus pandemic.

Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Airbnb is about halfway through a 2-year process of preparing to be ready to go public, Chesky said. Photographer: Michael Nagle/Bloomberg via Getty Images
Chesky’s internet value has been pegged by Forbes at round $12.5 billion.
Bloomberg through Getty Photographs

“From July to September, 1 in 5 nights booked on Airbnb had been for stays of a month or longer, and almost half of nights booked had been for stays of every week or longer,” Chesky tweeted.

He added: “Up to now yr, 100,000 Airbnb company booked stays of three months or longer.”

“I feel the pandemic has created the biggest change to travel for the reason that creation of economic flying,” he tweeted.

Chesky predicted that this yr will see folks “spreading out to hundreds of cities and cities, staying for weeks, months, and even total seasons at a time.”

“Extra folks will begin dwelling overseas, others will journey for your complete summer time, and a few will even hand over their leases and change into digital nomads,” he tweeted.

“Cities and nations will compete to draw these distant staff, and it’ll result in a redistribution of the place folks journey and reside.”

The most recent information seems to assist Chesky’s claims. The variety of People who will likely be working remotely is predicted to almost double from pre-pandemic ranges of 16.8 million to 36.2 million by the yr 2025, in line with Future Workforce Pulse Report.

The fixed motion is prone to be accelerated by the “Nice Resignation” which noticed greater than 20 million People give up their jobs within the second half of 2021, in line with authorities information.

Airbnb has capitalized on the development. Final November, the corporate reported record-high income because the variety of bookings surpassed its pre-pandemic figures.

CHINA - 2021/12/09: In this photo illustration the American online marketplace and hospitality service Airbnb logo seen displayed on a smartphone with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)
Airbnb reported hovering revenues final yr, surpassing $2.2 billion within the third quarter of 2021.
SOPA Photographs/LightRocket through Gett

The corporate reported income of $2.2 billion within the third quarter of 2021 — a 36% enhance from the identical interval in 2019.

Final Could, Chesky advised shareholders that staff received’t have to return to the workplace till September 2022 or past.

In November, he mentioned that Airbnb will institute a everlasting “versatile” coverage permitting staff to work remotely.

Shares of Airbnb fell by 3.4% on Tuesday after the Gordon Haskett analysis group downgraded the corporate’s inventory.

Chesky co-founded the corporate in 2008 along with his former roommate, Joe Gebbia, and Nathan Blecharczyk, who every personal smaller stakes.

In December 2020, the short-term rental platform went public, sending Chesky’s internet value surging by $6.5 billion.


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