Airbnb is expanding beyond its core homestay business by adding services such as car rentals, grocery delivery, airport pickups, and luggage storage, following a strategy reminiscent of Amazon's evolution from bookseller to global marketplace. The company launched its services marketplace last year and this summer broadened it to include these new offerings, along with boutique and independent hotel bookings. CEO Brian Chesky has said he wants the Airbnb app to become a one-stop shop for all traveling and living needs, potentially adding flights and host-driven services like cleaning and maintenance in the future. The stock surged to a four-year high after a strong second-quarter earnings report that beat estimates and raised guidance.
Airbnb IncAirbnb expands services to car rentals and grocery delivery, broadening its marketplace.
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