{"id":1004472319,"date":"2020-08-20T04:10:05","date_gmt":"2020-08-20T12:10:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004472319"},"modified":"2020-08-20T04:10:05","modified_gmt":"2020-08-20T12:10:05","slug":"airbnb-files-confidential-ipo-paperwork","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/","title":{"rendered":"Airbnb Files Confidential IPO Paperwork"},"content":{"rendered":"<div id=\"attachment_1004472334\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004472334\" data-attachment-id=\"1004472334\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/airbnb-media-image\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5DS&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1557988870&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;35&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;4&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Airbnb media image\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Image courtesy of Airbnb&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg?w=800\" class=\"wp-image-1004472334 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902954860.jpg\" alt=\"\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004472334\" class=\"wp-caption-text\"><em>Image courtesy of Airbnb<\/em><\/p><\/div>\n<p>Short-term rental platform Airbnb announced it has submitted a draft resignation to the Securities and Exchange Commission for an initial public offering.<\/p>\n<p>The San Francisco-based firm announced it submitted the confidential paperwork on Wednesday, but did not disclose the number of shares to be offered nor the price range for the proposed offering. According to the legally required statement announcing the filing, the IPO is expected to go forward after the SEC completes a review process.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-cities-for-revpar-drop-in-home-sharing\/\">Top 5 Cities for RevPAR Drop in Home-Sharing<\/a><\/p>\n<hr>\n<p>Airbnb\u2019s announcement did not come as a surprise. The company indicated in a press release last fall that it expected to file for an IPO sometime in 2020. The filing comes more than a month after the short-term rental giant reported <a href=\"https:\/\/news.airbnb.com\/for-the-first-time-since-march-guests-book-1-million-nights-in-one-day\/\" target=\"_blank\" rel=\"nofollow noopener\">more than 1 million bookings<\/a> on a single day, the first time in more than four months that the threshold had been reached.<\/p>\n<p>Co-founded by Brian Chesky, Joe Gebbia and Nathan Blecharczyk in 2008, Airbnb grew over the years to become a formidable, global competitor to traditional lodging assets like hotels, motels and B&amp;Bs.<\/p>\n<p>However, after the coronavirus outbreak caused widespread shutdowns in March, major home-sharing players like Airbnb and Vrbo took <a href=\"https:\/\/www.commercialsearch.com\/news\/home-sharing-industry-takes-big-hit-from-coronavirus\/\">a major hit to revenues<\/a>. By May, Airbnb announced it was laying off 25 percent of its employees while a report by Guesty found that reservation cancellations across several short-term rental platforms had increased more than 76 percent for the spring and summer months.<\/p>\n<p>However, the home-sharing sector has been experiencing a rebound since bottoming out in March. According to a June report from AirDNA, vacation rental bookings across the U.S. were up 20 percent year-over-year. States like Illinois, New York, Hawaii and Massachusetts performed the poorest in terms of new bookings, while states with the most growth were West Virginia, South Dakota, Oklahoma, Arkansas, Wyoming and Delaware.<\/p>\n<p>Before the pandemic hit, Airbnb had also faced lawsuits and other challenges over the legality of their model. Last fall, Jersey City voters approved measures to clamp down on the short-term rental platform, following similar measures in Boston just months earlier. New York City passed a law in 2018 that significantly restricted short-term rental platforms like Airbnb, but the law was blocked by a federal judge early last year after Airbnb and HomeAway sued, calling the law unconstitutional. &nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The filing comes more than a month after the short-term rental giant reported an encouraging uptick in bookings.<\/p>\n","protected":false},"author":745,"featured_media":1004472334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21751,23891,21742],"tags":[33035],"class_list":["post-1004472319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-hotel","category-national","category-latest","tag-airbnb-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Airbnb Files Confidential IPO Paperwork - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Airbnb Files Confidential IPO Paperwork\" \/>\n<meta property=\"og:description\" content=\"The filing comes more than a month after the short-term rental giant reported an encouraging uptick in bookings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-20T12:10:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/\",\"name\":\"Airbnb Files Confidential IPO Paperwork - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg\",\"datePublished\":\"2020-08-20T12:10:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg\",\"width\":800,\"height\":600,\"caption\":\"Image courtesy of Airbnb\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Airbnb Files Confidential IPO Paperwork\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Airbnb Files Confidential IPO Paperwork - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/","og_locale":"en_US","og_type":"article","og_title":"Airbnb Files Confidential IPO Paperwork","og_description":"The filing comes more than a month after the short-term rental giant reported an encouraging uptick in bookings.","og_url":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-08-20T12:10:05+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg","type":"image\/jpeg"}],"author":"Holly Dutton","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/","url":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/","name":"Airbnb Files Confidential IPO Paperwork - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg","datePublished":"2020-08-20T12:10:05+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg","width":800,"height":600,"caption":"Image courtesy of Airbnb"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/airbnb-files-confidential-ipo-paperwork\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Airbnb Files Confidential IPO Paperwork"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d","name":"Holly Dutton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","caption":"Holly Dutton"},"description":"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton","url":"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Airbnb-media-image-e1597902965876.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004472319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/745"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004472319"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004472319\/revisions"}],"predecessor-version":[{"id":1004472490,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004472319\/revisions\/1004472490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004472334"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004472319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004472319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004472319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}