Airbnb Plans Expansion Beyond Short-Term Rentals

• Airbnb CEO Brian Chesky announced plans to expand into new products and services, including co-hosting and relaunching 'experiences'.
• The company aims to grow its revenue by offering more than just short-term vacation rentals.
• Co-hosting will connect homeowners who lack time to manage listings with those who have time but no property to offer.
• 'Experiences' will be relaunched next year, focusing on affordability and uniqueness, including ideas like personal chefs and massages.
• The expansion comes amid a weak Q2 for Airbnb, with profits falling 15% and stock dropping over 16% in after-market trading.

Source: Techcrunch