Airbnb began when Brian Chesky and Joe Gebbia hosted three guests in their San Francisco home in October 2007. The company formally launched in 2008, added Nathan Blecharczyk as a co-founder, expanded from rooms to whole homes and vacation rentals, and became publicly traded in December 2020. The company is headquartered in San Francisco, California.
Airbnb provides a marketplace on which hosts offer stays, experiences, and services and guests make reservations. The company recognizes service-fee revenue after a reservation occurs. Hosts provide the accommodations and other offerings, so gross booking value is the value of bookings on the platform, not Airbnb revenue.