Company: Airbnb
CEO: Brian Joseph Chesky
Year founded: 2008
Headquarter:San Francisco
Employees: 6,132
Type: Public
Ticker Symbol: ABNB
Market Cap (August 2021): $77.5 billion
Annual Revenue (2021): $5.99 billion
Profit | Net income (2021):$-352 million
Products & Services:accommodation booking ǀ rebooking assistance ǀ rental homes and places
Competitors: Wimdu | TripAdvisor | Trip.com | Expedia ǀ Booking.com ǀ Agoda
Did you know? Airbnb offers more than 6 million places to stay in different parts of the world. Each vacation rental has hosts to offer a personal experience.
Airbnb is a renowned online platform offering its clients a marketing forum for their properties, and a buying platform to shop for hospitality services from home.
Founded in 2008, Airbnb has become a household name in America and globally because of its exceptional and reliable online vacation rental services. The company started when two hosts in San Francisco welcomed three guests.
Since then, the company has grown to more than 4 million Hosts who welcome over 1 billion guests in almost all regions of the world. Every day, the company’s Hosts offer unique experiences to help guests connect with communities authentically.
The emphasis on excellence and outstanding services puts Airbnb ahead of its competitors.
Airbnb makes annual revenue of $5.99 billion.
Table of Contents
Airbnb Mission Statement
“Airbnb’s mission is to create a world where anyone can belong anywhere, and we are focused on creating an end-to-end travel platform that will handle every part of your trip.”
The mission statement demonstrates its impact on the lives of the customers. The leading marketing company emphasizes the satisfaction it aims to provide people looking for vacation rentals and lodging. Airbnb’s concise mission statement positions the company as a coveted marketing place in the USA.
Here are the critical components of Airbnb’s mission statement.
Airbnb Mission Statement Analysis
- Enhancing Lives
The first component of Airbnb’s mission statement shows the company’s commitment to positively impacting the customers’ experiences when interacting with it. The company customizes its services to affirm the needs of its extensive clientele.
In fact, the mission statement also reveals how this leading marketing firm goes the extra mile to offer local services that meet the needs of particular cohorts in the world. It does so through a range of unique services dubbed experiences and hosts.
- Exceeding Expectations
The demand of the first component links the second constituent in which Airbnb differentiates itself as an organization that doesn’t compromise on quality services. When it says, “unlock the power of space,” it displays its goal to “give it all.” This means providing customers with the whole experience.
To meet this goal, Airbnb establishes a relationship with all the hosts in the world. It also demonstrates the company’s excellent work ethics. The leading firm takes pride in making its customers and clients expect more.
In fact, one of Airbnb’s major features is its ability to achieve its goals via reliable, safe, and dependable approach, famous as “responsible hosting” in the world. All customers need to do is make an online booking for a home, and Airbnb ensures that everything falls into place perfectly.
In essence, Airbnb believes that customers share a typical element of goodness to feelaccepted and comfortable. According to its mission statement, this company focuses on making the booking process seamless and hassle-free.
- Supporting Needs
The final component of Airbnb’s mission statement shows the company’s effort to provide linkages and services that create a long-term impact. The reliable online vacation rental company focuses on creating a sense of belonging through a dependable approach.
- Becoming Global Company
To meet the need for a third component in the mission statement, the company recognizes the significance of pushing the principles in the regions it works in. This way, Airbnb creates an exceptionally diverse community with remarkable characteristics that set it apart from other companies. The firm facilitates an inclusive platform that hosts guests irrespective of location.
Airbnb Core Values
Airbnb’s core values entail fundamental elements that guide the company’s operations, make everyone remain intact, and move in the right direction.
Airbnb is one of the first companies to come out strongly in creating the world a global village. The firm has succeeded in making a comprehensive network interlinking various service providers and hospitality hosts, all to give its clients the best experiences.
The following are the core values of the company:
- Living Best Life
Airbnb believes there is a life outside work and wants everyone to travel often, stay healthy, get enough time to enjoy life, and have the secure financial support and resources they need.
- Champion the Mission
The company thinks it is united with its community and focuses on creating a world where everyone can live and belong.
- Embrace Adventure
Airbnb’s commitment to its aim has been strengthened by the founder of the company, who showed the need for a solid workforce to fulfill the company’s mission from the beginning. Airbnb values are an excellent source of creativity and growth for any business as they give birth to ventures and promote work optimism.
- Be a SerialEntrepreneur
The Airbnb’s values are highly recognized for the positive impact they have on the company’s growth. Therefore, the firm considers it an identity that defines its goals. This value encourages employees to embrace innovation and adventure to align personal and professional growth.
Themission statement and core valuesof Airbnb represent the steps it takes to seek to abide by quality standards and deliver the best services to the target audience. Airbnb focuses on the experience and memories it creates for its extensive customers and clientele.
References & more information
- Airbnb, Host, And Experience On Airbnb, Airbnb
- Airbnb, Responsible hosting in the United States, Airbnb
- Airbnb, Live and work from anywhere, Airbnb
- Featured image byArnel Hasanovic
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Sure thing! Airbnb, founded in 2008 by Brian Chesky, has evolved into a household name globally. Its headquarters in San Francisco and 6,132 employees speak volumes about its impact and reach. Financially, the company, with its ticker symbol ABNB, had a market cap of $77.5 billion in August 2021, generating annual revenue of $5.99 billion in the same year, though with a net loss of $352 million.
Airbnb's core services include accommodation booking, rebooking assistance, and facilitating rental homes and places for travelers. The company's key competitors in the market encompass Wimdu, TripAdvisor, Trip.com, Expedia, Booking.com, and Agoda.
One fascinating aspect about Airbnb is its expansive offerings, boasting over 6 million places to stay globally, each managed by hosts aiming to provide a personalized experience. From its inception, where two hosts in San Francisco welcomed three guests, the platform has burgeoned to more than 4 million hosts hosting over 1 billion guests worldwide.
Airbnb's mission statement revolves around creating a world where everyone can belong anywhere, focusing on an end-to-end travel platform that caters to every facet of a trip. It's deeply ingrained in enhancing lives, exceeding expectations, and supporting needs by offering a seamless and hassle-free booking process, promoting a sense of belonging, and catering to a diverse global community.
The company's core values, including "Living Best Life," "Champion the Mission," "Embrace Adventure," and "Be a Serial Entrepreneur," reflect its commitment to work-life balance, community unity, innovation, and personal/professional growth.
In essence, Airbnb's success lies in its dedication to exceptional customer experiences, its expansive network of hosts, and its unwavering commitment to its mission and values, which have solidified its position in the competitive hospitality market.
