Highlights:
- Airbnb for Work has more than doubled in the past 12 months, with almost 700,000 companies having employees joined and booking via the website.
- Business travellers are increasingly using Airbnb for shorter trips, which they may have booked into hotels for in the past.
- Airbnb listings are set to be integrated into SAP Concur's search and booking tool, the first time they will appear within a corporate travel partner's platform.
Naturally, 'Airbnb for Work', which recently changed its name from 'Airbnb for Business', has also experienced a significant growth in bookings. In fact, over the past two years bookings have tripled each year.
The way people travel for work
Airbnb for Work has also identified some key trends in the way people travel for work with Airbnb:
- Bleisure (combining business trips with leisure stays): More than 30% of Airbnb for Work bookings in the past year have included at least one weekend night, meaning people are staying on and using their business trips for additional leisure days.
- "Traditional" business trips: a year ago, the average trip on Airbnb was six nights or more; currently, the average stay with Airbnb for Work is five days, and the fastest growing segment of trips is three nights or less. Business travellers are increasingly using Airbnb for shorter trips, which they may have booked hotels for in the past.
- Collaboration: Nearly 60% of Airbnb for Work trips in the past year had more than one guest. Of the 60% of Airbnb for Work trips with more than one guest, nearly 40% had three or more guests. Teams are traveling together to bond and collaborate.
- Mobility: More and more extended stays and relocations are being booked on Airbnb for many different reasons and lengths of time, ranging from training sessions that require several weeks away, to on-site projects that can last several months. In the past year, stays for 14 days or longer have almost tripled.
Airbnb for Work customers
With the volume of companies using Airbnb for Work doubling in the past year, what does this growth actually look like?
- Employees from large enterprise companies (5,000+ employees) make up 40% of customers.
- Employees from start-ups and SMBs (1-250 employees) make up nearly 40% of customers.
- Employees from mid-sized companies (251-5,000 employees) make up the remaining 20% and represent the fastest growing segment of travellers on Airbnb for Work.
The biggest users of Airbnb for Work
Geographically, Airbnb for Work travellers are touching every corner of the globe. In the past year, the top 10 Airbnb for Work destinations were:
- London
- Paris
- Los Angeles
- New York
- South Bay, CA (Silicon Valley)
- Toronto
- San Francisco
- Boston
- Sydney
- Washington, D.C.
Top Airbnb for Work travel corridors over the past year included trips between:
- New York - Los Angeles
- Melbourne - Sydney
- London - Paris
- San Francisco - Los Angeles
- New York - Boston
SAP Concur partnership
Airbnb is driving momentum for Airbnb for Work by partnering with industry experts like SAP Concur. According to SAP Concur, Airbnb is an increasingly important supplier of accommodation for business travellers. In fact, the number of SAP Concur customers expensing Airbnb stays increased by 42% from 2016 to 2017.
The partnership with SAP Concur is set to include full integration of Airbnb listings into the solution's search and booking tool. This integration will officially launch in the coming weeks and will be the first time listings on Airbnb will appear within a corporate travel partner's platform.