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Airbnb plans push into long-term rental market

Airbnb is planning a push into longer-term housing rentals as part of a shake-up of the travel accommodation app.

Chief executive Brian Chesky said that from next year the online rental company would “go a little bit beyond its core business”, including an expansion of its experiences and services. He pointed to more changes, due next month, that would mark the “biggest update to Airbnb ever”.

Offering rentals of up to a year represented a “huge opportunity”, Chesky said. He vowed that, with only 18% of gross nights booked in the second quarter this year coming from stays longer than 30 days, more could be done. Extended stays of more than three months were even rarer.

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