Rob Chesnut Presentation PDF
Preview Rob Chesnut Presentation
Airbnb TH E SHARING ECONOMY PL ATFORMS AS EMERG I NG TECH NOLOGIES ROB CHESNUT - GENERAL COUNSEL Millennials Will Dominate By 2025 In 10 years the huge cohort of Millennials will be main driver of economy & society Millennials Baby 5M (1981 - 1997) Boomers Gen X Gen Z 4M 3M Ages 20 - 60 2M 1M 0M 1 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 Source: Pew Research Center. Age The Emergence of the Sharing The Most Underutilized Asset Right now in America millions of houses empty and even more bedrooms not used Empty housing units 13.12M Empty Spare bedrooms 33.6M 0M 8M 16M 24M 32M 40M http://247wallst.com/housing/2016/04/23/america-has-33-6-million-spare-bedrooms/ https://www.census.gov/housing/hvs/files/currenthvspress.pdf Millennials in Particular Love Home Sharing The younger college crowd catching up to the front end of the generation who work “I have used a home-sharing service in the past year.” 67% 75% Age 18 - 24 Age 25 - 34 Goldman Sachs Survey : Source: http://fortune.com/2016/02/16/airbnb-hotels-survey/ 40M 40 M 30M 20M Annual Growth in 16 M Airbnb Guest 10M Arrivals 6 M 0.021 M 0.14 M 0.8 M 3 M 0M 2009 2010 2011 2012 2013 2014 2015 The Growth of Airbnb Hosts Catching up to Users Hosts tend to be homeowners older than Millennials - and need extra income 2M 2M 1.5M • Fastest growing host 1M demographic: 1M Women over 60 0.5M 0.3M 0.5M 0.12M 0M 2011 2012 2013 2014 2015 Source: Internal Airbnb data Democratizing Travel: Spreading Benefits In New York City zip to Neighborhoods codes with the largest black populations, Hotels concentrated downtown but Airbnb Airbnb guests grew 78% moves economic activity to neighborhoods last year, versus 51% citywide. Paying more than $43 78% million 51% to these hosts 2015 Addressing Income Inequality: Leveraging a Home Almost half of all Airbnb hosts make less than $75,000 a year and need the income And supplement + = their income by $7,530 a Typical single They keep property hosts year 97% of the rent an average Source: https://www.airbnbaction.com/new-report-impact-airbnb-middle-class-income- of 66 days a year posted price
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