SAN FRANCISCO—Airbnb co-founder, Brian Chesky, addressed ULI Fall Meeting attendees as part of a conversation with Constance Moore, president and CEO of BRE Properties, ULI San Francisco board member and the sponsorship committee chair for the 2015 Fall Meeting. Chesky described his company's model of hospitality as complementary, rather than a threat, to the traditional hotel industry since Airbnb's global network of hosts can alleviate consumer demand that cannot always be met during periods of peak occupancy.
Citing the example of the 2014 FIFA World Cup in Brazil and the fans who flooded its cities, Chesky said that Airbnb's inventory of hosts and private homes can help hotels and cities contend with the challenge of having an adequate supply of rooms for tourists and business travelers to stay in during major events.
"We allow cities to swell for large events," Chesky said. "For us to win, no one in hospitality has to lose."
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
