THE indisputable success of Airbnb has caught on in the business travel market, with Airbnb for Business gaining steady popularity as an alternative to traditional corporate hotels.
Recently, the house-sharing company launched a campaign targeted at business travelers. Some of its new services include search-filtering tools that render only listings designated as “business travel-ready”.
Business-ready properties are located near business districts, provide reliable WiFi, and laptop-friendly workspaces.
On top of that, booking tools allow multiple employees in a company manage reservations and message hosts about questions on the neighborhood.
The site also offers self check-in where guests can access listings using a key lockbox, smartlock, keypad, or doorman any time after the designated check-in time on their arrival date.
Business-friendly receipts also help to streamline the expense process in collaboration with travel management companies (TMCs).
Airbnb, too, records significant savings – up to 30 percent – compared to local four- or five-star hotels where employees are typically put up at.
The platform also proves handy for travelers who are moving to a new city for work. Staying in a short-term Airbnb rental gives them the chance to suss out local neighborhoods and take their time to lock down long-term leases.
According to an Airbnb blog post, employees from more than 250,000 companies – in over 230 countries and territories – have signed up to use Airbnb for work.
In 2016, the number of business trips on Airbnb tripled while nearly 10 percent of trips on Airbnb today are for work.
A recent story on Fortune predicted the company will rake in up to US$3.5 billion a year by 2020, a 3,400 percent increase from what the company had in similar profits last year