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AirBnB worth $24 billion

The private apartments renting platform has launched a new billion dollars fundraising that value it at $24 billion.

The Wall Street Journal announced AirBnB's intention of closing another billion dollars fundraising round, or nearly 876 million euros. This would value the California start-up specialized in renting private apartments at $24 billion;  more than most international hotel groups and closer to Marriott International, valued at more than $25 billion.

Its value would also be nearly twice that of the French AccorHotels, which totals $12.9 billion. Investors have been apparently seduced by the growth forecasts of the platform created in 2008, which targets a turnover of $10 billion and $3 billion in profits in 2020. Currently, the commissions collected from apartments' renters do not allow AirBnB to make profits yet, while the website is expected to lose $150 million in 2015 (nearly €131 million). Nevertheless, revenues of the platform have more than tripled in two years, from 250 to 850 million dollars.

To carry out its growth, AirBnB will nevertheless have to explain itself as it faces unfair competition charges from the hotel industry in several cities of the world, and comply with the regulations imposed in the various destinations where it operates. At the beginning of 2015, the platform was present in more than 34,000 cities and 190 countries.



Global hotel groups market capitalization vs AirBnB

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