Rob Chesnut Presentation

15 Pages·2016·6.24 MB·English

Airbnb
TH E SHARING ECONOMY PL ATFORMS AS EMERG I NG
TECH NOLOGIES
ROB CHESNUT - GENERAL COUNSEL
Millennials Will Dominate By 2025
In 10 years the huge cohort of Millennials will be main driver of economy & society
Millennials Baby
5M
(1981 - 1997)
Boomers
Gen X
Gen Z
4M
3M
Ages 20 - 60
2M
1M
0M
1 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75
Source: Pew Research Center.
Age
The Emergence of the Sharing
The Most Underutilized Asset
Right now in America millions of houses empty and even more
bedrooms not used
Empty housing units 13.12M
Empty Spare bedrooms 33.6M
0M 8M 16M 24M 32M 40M
http://247wallst.com/housing/2016/04/23/america-has-33-6-million-spare-bedrooms/
https://www.census.gov/housing/hvs/files/currenthvspress.pdf

Millennials in Particular Love Home Sharing
The younger college crowd catching up to the front end of the
generation who work
“I have used a home-sharing service in the past year.”
67%
75%
Age 18 - 24 Age 25 - 34
Goldman Sachs Survey : Source: http://fortune.com/2016/02/16/airbnb-hotels-survey/
40M
40 M
30M
20M
Annual Growth in
16 M
Airbnb Guest
10M
Arrivals
6 M
0.021 M 0.14 M 0.8 M 3 M
0M
2009 2010 2011 2012 2013 2014 2015
The Growth of Airbnb Hosts Catching up to
Users
Hosts tend to be homeowners older than Millennials - and need
extra income 2M
2M
1.5M
• Fastest growing host 1M
demographic: 

1M
Women over 60
0.5M
0.3M
0.5M
0.12M
0M
2011 2012 2013 2014 2015
Source: Internal Airbnb data
Democratizing Travel: Spreading Benefits
In New York City zip
to Neighborhoods
codes with the largest
black populations,

Hotels concentrated downtown but Airbnb
Airbnb guests grew 78%
moves economic activity to neighborhoods
last year, versus 51%
citywide. 
Paying more than 

$43
78%

million
51%

to these hosts
2015
Addressing Income Inequality: Leveraging
a Home
Almost half of all Airbnb hosts make less than $75,000 a year and
need the income
And
supplement
+ =
their income
by 

$7,530 a
Typical single
 They keep
property hosts 
 year
97% of the
rent an average
Source: https://www.airbnbaction.com/new-report-impact-airbnb-middle-class-income-
of 66 days a year posted price