Airbnb’s Core Values and Why They're Important | iGMS (2024)

Airbnb drastically changed how we travel and much of that is thanks to its Airbnb values. Its core values have not only opened the world to all types of travelers from all over the world, but it has also given countless people from all walks of life the opportunity to start their own businesses or side hustle.

Whether you’re already hosting on Airbnb or thinking of joining the millions of property managers, co-hosts, and hosts, you know that Airbnb is a coveted marketing place. It’s become a household name and is highly recognized in the hospitality industry.

In this article, you’ll learn why these Airbnb core values are the most important thing for any host or property manager to understand before listing their space on Airbnb. How does your mission align with the company’s mission? We’ll explore how these core values are at work behind the scenes, guiding all aspects of the business from product development to policy decisions, customer service management to operations.

We’ll also look at how you can align your business strategies with these core values to build a successful and sustainable business on Airbnb.

Airbnb’s Core Values and Why They're Important | iGMS (1)

What Is Airbnb’s Mission Statement?

At its core, Airbnb is driven by a simple mission statement with bold ambitions:

“To create a world where anyone can belong anywhere.”

At the same time, they want to create an end-to-end platform that will be able to take care of every part of travelers’ trips.

It’s this mission to create a true feeling of belonging, while at the same time providing convenience that’s the unique selling proposition of the company. They strive to provide travelers with an experience that’s both rewarding, comfortable, and user-friendly.

It also ensures that hosts and property managers are able to benefit from the platform in a meaningful way. They’re given a platform to offer their hospitality services to guests from all over the world.

Exploring Airbnb’s Values

Airbnb is guided by four core values.

These are:

  • Champion the mission
  • Be a host
  • Embrace the adventure
  • Be a cereal entrepreneur

As you’ll see, the Airbnb mission statement is reiterated in the first value — champion the mission. It’s ingrained in the company culture that everyone, irrespective of their sexual orientation, gender identity, language, age, etc., should feel welcome.

The first value ties in with the second one. To them, being a host means that you’re caring, open, and encouraging to all.

However, the company recognizes that creating such an inclusive platform is a challenging process. Similarly to their users embarking on an adventure, the company and its employees also have their own journey. Airbnb believes that its bold mission is an adventure too and one that they’re going to embrace. To do that, they’re driven by positivity and curiosity combined with a belief that anyone can grow.

What Do These Values Emphasize?

Together these Airbnb core values emphasize community, safety, trust, innovation, respect, and inclusivity. They serve as reminders for Airbnb employees, hosts, and property managers that the platform should be focused on creating an environment where travelers feel safe and welcome.

How Hosts Can Align With Airbnb’s Values to Build a Positive Experience

Airbnb hosts have the opportunity to build successful businesses that are both sustainable and satisfying for the target audience that they serve when they make a concerted effort to champion the Airbnb’s mission of aligning their practices with these core values.

The Airbnb mission and these values offer not only a guide for being a great host but ultimately help shape the future of travel experiences on the platform.

It starts with ensuring all guests feel welcome and respected regardless of their background. The tone and wording of all your communication should reflect that. Small gestures like creating a welcome book can also help your guests to settle in and feel as if your home is their home for the duration of their stay.

Airbnb also wants everyone who uses the platform to feel safe and secure. Safety and security are important parts of any successful business, but with Airbnb, they’re especially paramount. Airbnb takes its responsibility to provide a safe, secure platform extremely seriously, and, as a host, you should too.

Airbnb’s Core Values and Why They're Important | iGMS (3)

You can play your part by checking that the security of your rental is on par. When assessing your vacation rental’s security, embrace innovative technologies. Airbnb encourages hosts to use tools and processes that will enhance guest experiences.

For example, hosts can utilize vacation rental software solutions, automated check-in/check-out procedures, or even guest analytics tools to understand the needs of their customers better.

If you’re looking to streamline your vacation rental management, try iGMS today. With our powerful platform, you can:

  • Manage multiple accounts and listings on top OTAs from a single interface
  • Synchronize reservations across multiple platforms to eliminate double bookings
  • Use the unified inbox to organize messages into a single feed to ensure prompt replies
  • Create and coordinate cleaning tasks with live tracking
  • Manage teams with access control

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For Airbnb, it’s all about reimagining hospitality. Hosts are encouraged to walk the extra mile and offer unique experiences for their guests that go beyond just providing accommodation.

From installing keyless entry to recommending interesting day trips or cultural activities like cooking classes, there are plenty of ways for hosts on Airbnb to join the adventure.

To make sure that everything is positively impacting the local communities, Airbnb is also committed to supporting sustainable tourism and conservation efforts. This means that hosts should check that their practices are in line with principles of economic, social, and environmental sustainability.

This could include minimizing waste or investing in green initiatives and services like renewable energy sources or eco-friendly furnishings. By taking a holistic approach to sustainability, your Airbnb business can have a positive impact on both your community and the environment.

Wrapping Things Up

What started out as two hosts opening their space in San Francisco to three guests has had a lasting impact on travel and hospitality. In fact, the Airbnb mission statement and defining values have played a huge role in creating a global community from a small San Francisco business idea.

Airbnb encourages hosts to put their guests first, prioritize shared experiences, and practice kindness in all their interactions with others. It’s not only the guests who benefit but also the hosts.

For example, traditionally underrepresented community members are given a platform to build a business, helping them too to feel like they belong in their own communities. By embracing these core Airbnb values, hosts and guests are one step closer to creating the perfect trip.

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Airbnb’s Core Values and Why They're Important | iGMS (2024)

FAQs

What are the key attributes of Airbnb? ›

First of all, common attributes between hotels and Airbnb are friendliness, location, price, and security. Second, hotel attributes include hotel brand and facilities. Third, Airbnb attributes include host profile and shared space.

What is the core business of Airbnb? ›

Key Takeaways. Airbnb connects travelers seeking affordable lodgings with hosts who offer their properties as short-term rentals. The company operates in over 200 countries and has 6.6 million listings. The company charges its host and guests a percentage in fees to earn revenues.

What is the main purpose of Airbnb? ›

Airbnb is an online marketplace that connects people who want to rent out their property with people who are looking for accommodations, typically for short stays. Airbnb offers hosts a relatively easy way to earn some income from their property. Guests often find that Airbnb rentals are cheaper and homier than hotels.

What are the key factors that contributed to Airbnb's market success? ›

The biggest factors that ultimately led to Airbnb's success were its innovative business model, its focus on customer experience, and the power of word-of-mouth marketing. Airbnb created a unique platform that allowed people to rent out their homes or spare rooms for short periods of time.

What is the unique value of Airbnb? ›

Airbnb's offers guests unique stays and experiences at low(er) prices (than hotels). The value proposition to hosts are income generation, simplicity and safety (the latter addressing the biggest concern).

What makes an Airbnb stand out? ›

Use high-quality photos that showcase your property's unique features and write a compelling description that highlights its best attributes. Other helpful ways of making your Airbnb stand out are: Offering desirable amenities like Wi-Fi, air conditioning, and well-equipped kitchens can attract more guests.

What is the vision statement of Airbnb? ›

Airbnb's vision statement is "to create a world where anyone can belong anywhere." This powerful statement encapsulates Airbnb's goal of fostering inclusivity and a sense of belonging. By eliminating barriers between hosts and guests, Airbnb facilitates personal connections among individuals from diverse backgrounds.

What is a key to success for Airbnb? ›

As simple as it may seem, friendliness is a distinguishing factor for Airbnb hosts. Successful hosts are often those who are able to imagine themselves as a guest, and it's a good idea to reply quickly and pleasantly to all guest queries, which creates a better rapport and connection.

What's unique about Airbnb? ›

Enjoy unique stays, Experiences, Adventures, and more

Then there are Airbnb Experiences, in-person or online activities hosted by inspiring local experts. From horse whispering to canyon hiking, Experience Hosts share their passion for cooking, art, music, and so much more.

What is the strategic goal of Airbnb? ›

Airbnb's 2024 strategy is officially the same as 2023: More hosts, better core product, expand beyond the core. Yet, after several years focusing on the first two strategic pillars, it looks like 2024 will see Airbnb start expanding its wings further away from short stays and travel.

Why is Airbnb so successful? ›

The company attributes its success to a user-centric approach to design and innovation, emphasizing design as a core company value. Co-founder Joe Gebbia cites their strategy to overcome the 'stranger equals danger' bias as a key factor in Airbnb's massive success.

What is the slogan of Airbnb? ›

They creatively communicate this with just two words: belong anywhere. Before adopting the slogan “belong anywhere,” Airbnb's message was to “travel like a human.” The change came to light in 2014, when Chesky and Gebbia realized that Airbnb was more than a tool people used to travel.

What is the social purpose of Airbnb? ›

Airbnb hereby holds the leading role within the industry by undertaking several activities aimed at promoting inclusiveness, transparency, security and empowerment among others and creating awareness among hosts of various socially important issues as well as issuing new regulations and guidelines (von Briel and ...

What does Airbnb focus on? ›

The company's mission is to \"create a world where anyone can belong anywhere,\" and it strives to foster a sense of community and belonging among its users. This focus on community and belonging is evident in Airbnb's product features, such as its emphasis on personalization and the sharing of user stories.

What is the good thing about Airbnb? ›

Renting a vacation home via Airbnb can sometimes be the cheapest option. What's more, on Airbnb you'll typically have better luck finding more beds in the same unit than you'd find in a hotel room. Airbnbs often tend to include couches or futons so you can sleep more people.

What is the motivation behind Airbnb? ›

Aggregate results indicated that respondents were most strongly attracted to Airbnb by its practical attributes, and somewhat less so by its experiential attributes. An exploratory factor analysis identified five motivating factors—Interaction, Home Benefits, Novelty, Sharing Economy Ethos, and Local Authenticity.

What is Airbnb's business strategy? ›

The Airbnb business model is a two-sided marketplace that serves both property owners and guests. Property owners offer their homes or rental properties on the platform, while guests book these properties for a specified period. Airbnb charges a service fee from both the guest and the property owner for each booking.

What attributes values are Airbnb's customers looking for? ›

The results of our study showed that Airbnb guests place more value on space, cleanliness, number of photos, handicap accessibility, family friendliness, free breakfast, location, and unique experiences. Based on this information, hotel firms might focus on these factors to attract guests from Airbnb's consumer base.

What is the intrinsic value of Airbnb? ›

As of 2024-06-23, the Intrinsic Value of Airbnb Inc (ABNB) is 66.19 USD. This ABNB valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 149.57 USD, the upside of Airbnb Inc is -55.7%. The range of the Intrinsic Value is 50.83 - 102.18 USD.

What is the social mission of Airbnb? ›

Creating a world rooted in belonging

Airbnb.org envisions a world in which anyone can find a welcoming place to stay in times of crisis.

What is Airbnb's value chain? ›

Airbnb's value chain consists of primary activities such as product/service development, operations, marketing and sales, and customer service, as well as support activities such as infrastructure, human resource management, procurement, and technology development.

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