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AirBnB is really two businesses in one:

1. A Hotel disruptor - letting people crash on your couch or empty bedroom. This is the original idea as per pitch deck.

2. Holiday Rental / VRBO / HomesAway competitor - renting out an entire home for a period shorter than a 6 month-lease

Would be interesting to see where most of the revenue actually comes from. My guess would be that the traditional model of holiday lets (#2) brings in the vast majority of revenue, whilst the original idea was used as a beachhead / marketing ploy.



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