May 2015,Omaha, Nebraska, United States，At Buffett’s base camp，Conduct the AGM as usual。
Buffett in his previous letter to shareholders，For investors looking for accommodation in Omaha for the weekend，Made a small suggestion:UseAirbnb services.
In the annual report to shareholders, Balao wrote,"This year，Due to record number of attendees，We are worried about the hotel room shortage。To solve this potential problem，188bet online live casino is specifically pushing to allow more homeowners to rent out their homes during the conference this year...Last year some hotels required guests to pay for a minimum stay of three nights，Although many shareholders only plan to stay for one night。188bet online live casino’s services may be helpful to these people，Check out its website”。
Buffett’s affirmation，Marks the era of 188bet online live casino entering mainstream lifestyle。
188bet online live casino, established seven years ago,To date, it has served more than 30 million passengers.On 188bet online live casino’s website，34,000 cities around the world by the end of May，1.4 million homes for rent around the world，This number is more than double a year ago。
The company charges 3% 188bet online live casino booking fee from the landlord，And collect a service fee of about 6-12% from the tenants。
188bet online live casino raised US.5 billion in its latest round of financing，Company valuation reaches US.5 billion。The company’s expected revenue in 2015 will reach US0 million，Nearly four times that of 2013。For rapid expansion，188bet online live casino still expects to lose 0 million this year。The company’s market share in the global hotel accommodation industry is still only about 1%，But it is predicted that rapid growth will continue in the next five years，Revenue in 2020 is expected to exceed US billion，Operating profits exceed billion.
In comparison, the hotel giantMarriott(Marriott)Market value 20 billion US dollars，Revenue last year: US.8 billion，More than 4,000 188bet online live casino worldwide，Nearly 700,000 rooms。MarriottThe annual net profit is close to one billion US dollars.
188bet online live casino’s story，From August 2008，The beginning of the Democratic Party Convention held in Denver, the capital of Colorado, USA。San Francisco a thousand kilometers away，Three young people heavily in debt，BrainChesky(Car driver), JoeGebbia(JG)with NathanBlecharczyk just launched his own startup website，airbedandbreakfast。com，Help potential landlords rent out vacant bedrooms.They accumulated more than ,000 in credit card debt over the past year，I don’t think of another way，We are almost out of ammunition and food。
Che driver classmate and JGAll graduates from Rhode Island School of Design，188bet online live casino decided to take advantage of the general election to try a seemingly absurd idea，188bet online live casino designed two pictures to be put on cereal boxes:One is Democratic candidate Obama，One is Republican candidate McCain。
They convinced a Berkeley student to cheaply print hundreds of these images that folded into boxes，Then sent to hundreds of the most famous bloggers on the Internet，I hope to use the election to promote my company。An ordinary box of cereal without a brand，The price in the supermarket is only about two or three yuan，The driver’s classmate sold cereal with pictures of Obama and McCain on 188bet online live casino for forty dollars，Sold more than ,000 worth of cereal in no time，Escaped from economic crisis。Finally, Obama’s cereal sold out，The three founders lived on the remaining 300 boxes of McCain cereal for several months.。
November 2008，Three founders trying to convince angel investment company YCombinator(YC)’s bossPaulWhen Graham invests in his own business，188bet online live casino told Graham about their experience of selling cereal at high prices to pay off debts and tide over the difficulties。
Graham exclaimed，“Wow，You guys are so weak that you can’t be beaten to death。 (Youguysarelikecockroaches, youjustwon’tdie)If you can convince people to spend on a box of cereal，Then you might be able to convince them to spend money renting someone else’s air bed。I am committed to (188bet online live casino investment).
But most early investors refused to invest in 188bet online live casino，Because I think the market for renting air mattresses is too small。
One person 2009Fred, the venture capitalist who missed 188bet online live casino in 2012WilsonThus said，”We made a classic mistake that all investors will make，We were too focused on what they were doing at the time，Instead of what they might do，What will be done，And things I’ve done before”。
At Graham,AirbnbReceived the first large angel investment of RMB 600,000 in 2009，2010AThe round of financing received US million.
188bet online live casino’s growth，The other most important episode is，Since 2010, the company has hired professional photographers to take high-definition photos for landlords，Put on website。Professional photos easily build potential tenants’ trust in your home，In many places, the proportion of rental transactions has increased two to three times as a result。
and AirbnbCompare，Traditional 188bet online live casino have a huge disadvantage: opening a hotel in a new place every time，They must build a new hotel(usually at least three or four years)，Or buy an existing hotel。They must hire chefs，Administrative and cleaning staff。They must spend money to decorate and maintain the hotel，There are all kinds of trivial things to deal with。
188bet online live casino business model grows slowly，Basically linear。
AirbnbThere is no such restriction，It makes use of the existing abundant real estate resources，Incorporate these resources into your own ecosystem with extremely low organizational costs。its future growth，Over a considerable period of time，No time and space restrictions of traditional 188bet online live casino。
If you encounter an inevitable recession in the economic cycle，A company that owns a large number of physical 188bet online live casino，Because it is unable to quickly adjust its huge operating costs，Profits may fall sharply。
And 188bet online live casino’s asset-light business model，You can advance and retreat freely，The impact is much smaller。
For traditional hotels，There is a more serious threat，The commoditization of trust。Before 188bet online live casino，The hotel is inconvenient anyway，Expensive，Tolerable even for tourists，But most people are not willing to live in a room rented by strangers，Because it cannot be trusted。
Airbnbon the platform，Landlords and guests can rate each other，This way everyone is motivated to do better，Build and protect your reputation and trust。With the expansion of the platform，The advantages of traditional hotels in terms of brand and trust are suddenly not so obvious。They must be in price，Convenient，Other aspects of the surrounding environment directly compete with the 188bet online live casino option。Sometimes，People will be surprised to find out，When 188bet online live casino is a reliable choice，The experience in all aspects may sometimes be much better than that of traditional hotels。
A recent research report from Boston University shows that，A place if the supply of 188bet online live casino increases by 10%，It will lead to a decrease in local hotel revenue by 0。35%。Those most affected by 188bet online live casino，Those cheap hotels and hotels that are not mainly for business travelers，They must lower their prices，In order to be more competitive。
188bet online live casino's future develop?
Classmate who is a car driver，Talked to reporters in early 2014，”Our business 188bet online live casino more than just renting out houses，Our business，To include the entire journey"。
End of 2012，Company launches new service: AirbnbCommunity.
AirbnbThe community has collected a large amount of travel information and photos about local communities。Tourists can express their interest in various things (beach，Nightclub，Convenience of public transportation, etc.) Let 188bet online live casino help search and recommend the best places to stay。Currently covering more than 20 cities，Thousands of communities。
Starting in early 2014，188bet online live casino begins testing professional full-service room cleaning services in some cities，Easy for landlords to provide tenants with a more perfect and warm living environment。
Start June 2014，In San Francisco，188bet online live casino starts testing a service，Let the owner cook home-cooked dishes for tourists，Can eat at home。
AirbnbHe real estate company realtor。com cooperation，Allow potential home buyers to rent short-term rentals near communities in home purchase areas through 188bet online live casino，Experience local life。
Online travel company giant, PricelineandExpedia,Suddenly started to feel the warmth from 188bet online live casino's subtle competitive pressure.
Priceline,As the industry leader，Market value exceeds 60 188bet online live casino，Full year revenue is approximately US billion。Expedia,Market value 14 188bet online live casino，Full year revenue exceeds US billion。
A Deutsche Bank analyst recently pointed out，188bet online live casino and large hotel chains such as Mariott，Hilton may establish a cooperative relationship，Add these hotel vacant rooms to your website。
A large number of European 188bet online live casino and various 188bet online live casino，Previous commissions given to online travel agencies ranged from 15-25%，Them for Airbnb20819_20822’s commission charging standards are “mouth watering”.
Seven years of operation accumulation，and unique scoring system，Let 188bet online live casino have a relatively loyal customer base。Survey shows，Travel websites such as Pricelinebooking. comAnd Expedia hotels. com’s customer satisfaction is just over 50%, while 188bet online live casino's customer satisfaction rate is as high as 73%.
An analyst calculation shows that AirbnbCurrently for Priceline，Expediais only 0.3%，Even in 2019，Only about 1%。This is why the latter is not eager to get involved like 188bet online live casino’s personal house rental market，Because of the various related cumbersome legal and regulatory issues，It is something that large listed companies are unwilling to face。
But 188bet online live casino’s competitive threat may be something more subtle。When renting a stranger’s room，When it slowly becomes an acceptable and mainstream way to vacation，More tourists may choose not to go to ordinary hotels；When 188bet online live casino gives users full control over their entire journey experience，And when providing quality service，Market share may change suddenly。
At least on the surface，The bosses of industry giants still look unworried。Marriottceo,Calls 188bet online live casino an “interesting experiment”。Priceline’s CEOsaid he did not feel pressure from (188bet online live casino) to reduce commission。
Maybe they don’t know enough about the driver and his friends。The driver classmate said in a recent interview,"The key to learning is to find a mentor。The key to finding a mentor is to be shameless (not afraid of losing face)。Shameless people learn very quickly，188bet online live casino will succeed"。(Thekeytolearnishavingmentors.Thekeythingtohavingmentorsisbeingshameless. Shamelesspeoplelearnreallyquicklyandaresuccessful.)
China twenty-five years ago，There is an advertisement for a pesticide called Lefulin，"We are pests inside"，The lyrics of "We are pests" spread all over the country，A household name.
188bet online live casino’s car driver classmate, maybe what should be humming at this moment is“We are beneficial insects, we are beneficial insects.Because of all great businesses，It all comes from the vitality and enterprising spirit of the unbeatable Xiaoqiang。