Airbnb CEO says future of flexible work and travel will boost business

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On Friday, Airbnb co-founder and CEO Brian Chesky told CNBC that a post-Covid pandemic future with flexible living and working arrangements would be a boon for the company.

Chesky, who is on a national airbnb stay tour in a bid to “enhance the experience” for customers, he expects the continued adoption of remote working to create a new segment of working travelers.

“They can do what I can do — I run a pretty big business from a laptop with someone else’s WiFi at home,” Chesky said on “TechCheck.” “If I can do my job from a home in Atlanta, that means a lot of people could travel all over the world and live, not just travel.”

Chesky said Airbnb’s plan to capture this new segment is to generate experiences that make guests feel like they’re living in a community rather than traveling to a temporary destination. Chesky didn’t give details on how the home rental company will go about it, but he said the improvements to its services will come in time for an expected increase in travel this summer.

The chief executive also said he expected bookings to skyrocket once restrictions on international travel eased.

“There’s a huge boom coming to Airbnb,” Chesky said. “Before the pandemic, half of our business was cross-border. As the borders reopen, it will be another tailwind for us.”

Airbnb shares are negative for the year, having lost nearly 6% so far in 2022. However, the stock has held up better than other growth-focused companies and the broader Nasdaq Composite, at strong technological component, which is down about 12% since the beginning of the year. .

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