Airbnb CEO, Brian Chesky attended GES 2015 in Kenya today to meet with entrepreneurs from around the world and explore the sharing economy’s impact and expansion, particularly on the African continent – which represents a huge opportunity for the company. In the last twelve months alone, Airbnb has more than doubled in size in Africa.
“The spirit of entrepreneurialism is a common thread that unites the Airbnb community across the globe,” said Brian Chesky. “I’m thrilled to meet so many entrepreneurs here at GES who will build and grow this community throughout Africa. And I’m excited to see how Airbnb will empower people across the continent to make extra income while providing travelers with a truly authentic experience.”
Airbnb are also sponsoring prizes for the winners of the GES Youth and Women Spark the Fire Pitch Competition, providing winners of the African Impact, Top Women-Owned African Business, and other winners with Airbnb travel accommodations to support historically marginalized communities on their entrepreneurial journey.
Many of the steps taken by Airbnb in Cuba to overcome challenges around internet literacy and mobile payment infrastructure will provide important lessons for Airbnb’s growth in Africa. This week’s trip, which includes a visit to the iHub incubator in Nairobi, is also an opportunity to hear from local entrepreneurs, and understand the opportunities and challenges facing Airbnb and other sharing economy leaders.
In the wake of strong successes in key markets around the world, Airbnb plans to significantly grow its business in Africa, where the company has already seen some impressive growth. In just the last year:
- The number of listings in Africa has more than doubled
- The number of people staying in Airbnb listings in the region has increased by 145%,
- The number of Africans using Airbnb to travel has increased by 139%
In Kenya itself, there are currently over 1,400 listings available to book through Airbnb with the greatest concentration in Nairobi (788). Kenyans are also embracing Airbnb as a way of traveling, with the number of Kenyan guests using Airbnb tripling in the last 12 months.