""I'm not happy about where the growth rate is at the company," Chesky said at the event. "I think Airbnb should be growing significantly faster. It should at least be growing in the teens, and I aspire to run the kind of company that'd be growing at more than 20% one day.""
""That's what we've been doing," Chesky said. "The final stage is now we reinvent ourselves.""
"Chesky said on Tuesday that he believes Airbnb's new offerings will be "multi-billion-dollar businesses" at some point, per Business Insider."
Airbnb's revenue growth decelerated from 40% in 2022 to 18% in 2023 and 12% in 2024, with second-quarter revenue growth at 13%. Chesky said he is unhappy with the current growth rate and aims for growth in the teens or above 20% over time. The company concluded it lacked a foundation for sustainable growth and began a rebuild earlier this year to enable new businesses. In May Airbnb redesigned its app to let guests book services (massages, photography, spa treatments, personal training, private chefs, beauty treatments) and experiences (comedy shows, boat sightseeing). Chesky expects those offerings to become multi-billion-dollar businesses and anticipates accelerated growth next year.
Read at Entrepreneur
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