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> analysts at financial services company Cowen & Co predict that, by 2020, Airbnb hosts will be taking 500 million bookings a night, rising to a staggering one
by hackuser 10y ago
> analysts at financial services company Cowen & Co predict that, by 2020, Airbnb hosts will be taking 500 million bookings a night, rising to a staggering one billion by 2025.
In a world of 7-8 billion people (and where most people live with and travel with others, so there are many fewer households and travel groups), these numbers seem more than a little unlikely.
- reissbaker 10y agoThe author misread the actual predictions from Cowen & Co, which predict 500 million "room nights" per year — a term that we refer to internally as "nights booked" per year — which would mean that a total of 500 million nights were booked across all hosts over the course of a year. A single "booking" may count as multiple "nights," since often you'll be staying at (and have booked) a place for more than one night. Here's a better report of the Cowen & Co analysis: http://www.bloomberg.com/news/articles/2016-04-11/one-wall-street-firm-expects-airbnb-to-book-a-billion-nights-a-year-within-a-decade http://www.bloomberg.com/news/articles/2016-04-11/one-wall-s... — it's a far, far cry from "500 million bookings a night." You're 100% correct that the size of the total world population makes it spectacularly unlikely that we'll ever have 500 million bookings per night.