Airbnb (Private): How will Airbnb’s impact on society influence valuation?

October 8, 2019

Airbnb-v4.pdf (2 downloads) “Unlike other business models that siphon the money they generate out of communities, Airbnb activity directly benefits the communities our hosts call home.” — Airbnb

In direct contrast to Airbnb’s view, local policy makers are increasingly implementing rules to curb short-term rental activity. Against this backdrop, we explore the following:

– Is there evidence that Airbnb increases rental and housing prices in markets it operates in?
– What is the net social impact of the company’s ESG characteristics? How should investors view the company’s social license to operate?
– A potential 2020 IPO or direct listing is likely in the cards for Airbnb — but at what valuation?

Hotel / Lodging

Material Categories
Human Rights and Community Relations
Labor Practices
Management of the Regulatory and Legal Environment