Airbnb

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

October 8, 2019

“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?

Industry
Hotel / Lodging

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