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Since early 2017, the travel industry and beyond have been speculating about an Airbnb IPO. Years later, the start-up, which debuted in 2008 when Joe Gebbia and Brian Chesky rented out air mattresses in their San Francisco apartment, has officially gone public, with a market capitalization of some $101.6 billion. That’s more than Expedia Group and Marriott International combined, according to “Today signifies that we re no longer the alternative,” says Gebbia. “A lot of people used to say, ‘Oh, that’s the alternative booking platform.’ But we ve become people s first choice.” So what does the IPO mean to Airbnb’s guests and hosts? Not much, if you ask Gebbia. “Being public will just allow us to keep investing in new features and capabilities for guests and hosts,” he says. “It s not the beginning of anything, it s not the end of anything, it’s just a milestone on a much longer journey.”

University of southern californiaUnited statesNew yorkSan franciscoJoe gebbiaDavide proserpioKaren xieBrian cheskyNew york timesExpedia groupMarriott internationalHost endowment fundUniversity of denverAirbnb experiencesSouthern californiaNew year