Airbnb Strikes While The Corporate Travel Iron Is Hot

Airbnb appears to be capitalizing on the recent influx of corporate travelers using its on-demand accommodation service.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Reports in the Los Angeles Times on Sunday (Nov. 15) revealed new services that will be available to business travelers using the service in an effort to encourage more corporate use of Airbnb. The company is said to now be offering a new feature that singles out the available short-term rentals that have amenities necessary for the business traveler, like wireless Internet and ironing boards.

    [bctt tweet=”Airbnb revealed new services available to business travelers.”]

    Airbnb will also introduce a new policy that says hosts of a rental space cannot cancel on a corporate traveler within seven days of the travel date, reports said.

    In speaking with the publication, Global Business Travel Association Executive Director and Chief Operating Officer Mike McCormick raised some of the concerns corporations hold about allowing their employees to book corporate travel through Airbnb.

    “When you are traveling for pleasure with your own personal funds, that’s your business. But it’s a different situation when the company is paying the bill,” he said.

    Advertisement: Scroll to Continue

    Reports noted that Airbnb did not specify how far traveler protection will go for business users of its services, including what type of liability the corporation or an Airbnb host will have should a business traveler get hurt at a space booked through the platform.

    According to the Global Business Travel Association, corporate travel in the U.S. saw a 6.7 percent increase in valuation in 2014 compared to the year prior, reaching $292 billion in spending. That figure is expected to hit $310 billion, a 6.2 percent increase, by 2016, reports said.