Assessment 1: The fantasy of being local

Management
Assessment 1: The fantasy of being local
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Contents
Introduction to Airbnb.....................................................................................................................3
References........................................................................................................................................6
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Introduction to Airbnb
Privately held global company Airbnb, established in August of 2008, having base in San
Francisco, California, is a trusted community marketplace for people helping them in listing
discovering and a trusted community marketplace for people across the globe either from their
Smartphone’s or tablets or online. According to (Magno, Fabio & Ugolini, 2018) the company
neither owns any real estate listings nor hosts any events. It as a broker receives commission
from all bookings. Be it a spare bedroom/ apartment/villa or a private island, travellers are
connected to a diversified and authentic range of experiences across 34, 000 cities and 190
countries by Airbnb further bringing a revolution in the travel accommodations world.
(Source: Author-made)
Leading the world in accommodations of the “sharing economy”, the company allows travellers
in easily and directly finding places from locals in thousands of cities worldwide to stay.
According to (Mao & Lyu, 2017) with a business model that is powered by the network
technologies and social tools have made significant contributions in empowering Airbnb to
redefine how products and services of tourism are created and exchanged amid the populations,
businesses and governments. According to (Airbnb, 2019) the values of a sharing economy
focusing on use of resources, exchange of hospitability, empowered of residents and distribution
of economic opportunities across diverse communities are at the heart of Airbnb. The company
is committed to foster trust amidst its guests, hosts, neighbours, and civic leaders further working
together for ensuring safe and positive experiences in the global community while using Airbnb.
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