AirBnB

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#11
Changing dynamics of work and travel: work from anywhere, travel anytime.

Comments from Brian Chesky (CEO of Airbnb):
https://twitter.com/bchesky/status/14579...92354?s=20

Quote:1. I think we’re on the verge of a revolution in travel
2. Before the pandemic, most people were tethered to the place they worked because they had to go into an office
3. The pandemic accelerated the mass adoption of technologies (like Zoom) that allowed millions of people (not everyone, but a large chunk) to work from home
4. Suddenly, they were untethered from the need to work in specific places at specific times
5. Millions of people can now travel anytime, anywhere, for any length — and even live anywhere
6. All you have to believe is that Zoom is here to stay to believe this trend is here to stay
7. This newfound flexibility is bringing about a revolution in how we travel
8. In recent months, some of the largest companies in the world, like Amazon, P&G, Ford, and PwC, have announced increased flexibility for employees to work remotely, and I expect more companies to follow
9. We’re seeing this in our own data
10. Travel anytime: Monday’s and Tuesday’s are our fastest growing days of the week for families to travel
11. Travel anywhere: over 100,000 towns & cities had a booking on Airbnb during the pandemic (6,000 places had their 1st booking)
12. Live anywhere: between July and September, 1 in 5 nights booked were for a month or longer. This is our fastest growing category by trip length
13. So basically, people aren’t just traveling on Airbnb, they’re now living on Airbnb
14. Okay, last tweet… to respond to this moment, I’ll share some updates to the Airbnb service at 8am pst tomorrow on our homepage (I have a short demo that I’ll share)

TAM estimation probably needs some recalibration. Also, CEO seems like a good marketer (ie storyteller).

(vested)
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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#12
Brian Chesky teases a new product announcement: "The Miniverse". 

Source: https://twitter.com/bchesky/status/14579...59489?s=20

Possibly relating to the the Metaverse, NFTs, neither or both.

[Image: wN87mpw.jpg]
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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#13
I think it is only the minority of the minority of the minority, that one can be just as efficient via a semi/permanent/majority work-from-home arrangement for the long term. Yes, there is definitely a tail wind for AirBnB but the permanent effects will probably be between what Brian Chesky is saying and pre-covid19

The Home Is the Future of Travel

Thompson: The other thing to be careful about when talking about white-collar-work trends is that only a minority of workers can work remotely, and a minority of those workers are still working remotely. So this trend might involve millions of people, but we’re talking about a minority of a minority.

Chesky: Obviously there are many, many jobs that aren’t affected by the rise of remote work. But for people within offices, those who work for tech companies or younger companies will embrace a more flexible policy. Within that group, you see that some companies, like Wall Street banks, are being less flexible, while others, like PricewaterhouseCoopers, Amazon, and Procter & Gamble, have announced permanent semiflexible policies. People without children are less tethered to their home than people with children. It’s easier to go somewhere for two weeks or a month if you don’t have kids. And it’s easier to turn a normal weekend into a three-day blended work-and-travel weekend if you don’t have to worry about their school.

https://www.theatlantic.com/ideas/archiv...on/620722/
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