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Airbnb Brazil arrivals more than double to one million with 2016 Olympics

March 27, 2017 SAO PAULO (Reuters) – Online room renting service Airbnb Inc registered more than 1 million guest arrivals in Brazil last year, boosted by travel to the Olympic Games in Rio de Janeiro and a growing number of hosts looking for extra income in a deep recession. Leonardo Tristão, Airbnb’s general manager in the country, noted the benchmark in a statement on Monday, marking a sharp pickup from the country’s roughly 421,000 arrivals in 2015 and about 622,000 arrivals in the twelve months through June. The market got…

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Airbnb raises $1 billion in latest round of funding

March 9, 2017 (Reuters) – Online room renting service Airbnb Inc said on Thursday it had raised $1 billion in its latest round of funding, valuing the company at $31 billion. Airbnb raised $447.85 million as part of the funding, a source close to the company told Reuters. The company said in September it had raised about $555 million as part of the same round of funding. Airbnb, which operates in more than 65,000 cities, has enjoyed tremendous growth as it pushes ahead with its plans of global expansion. The…

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