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Move over couch surfers. The business traveler and luxury jet setters want in on this sharing economy thing and they're willing to pay more for the personalized offerings and unique layouts and locations hotels can't often offer.

Airbnb, which lets people rent out their homes to travelers, is exploding onto expense reports, said Tim MacDonald, an executive vice president at Concur, which operates a travel and expense system with more than 22 million users globally.

"We're seeing Airbnb going from zero two years ago to $1 million this quarter," MacDonald said.

"It's still small, less than 1 percent," MacDonald said of the Airbnb market share. "It's the rate of growth that is eye-popping."

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Business, luxury travelers turning to Airbnb, others
Corporate expense reports are seeing an eye-popping rate of growth from employees using sharing-economy businesses.

2 thoughts on “More Airbnb news

  1. Louise Brace says:

    I love the focus shift for business travellers here. Thanks for sharing.

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