Airbnb has been targeting business travelers to France as business travel has been growing faster than leisure travel. Corporate customers now account for about 15% of nights booked through Airbnb where estimated ratio will grow to 30% by 2020.
In 2015, the company launched Airbnb for Business to help businesses look for new and cheaper ways to accommodate employees on business trips. The number of business stays in France last year grew four fold and marks the second largest market for Airbnb after United States and Paris with a total of 400,000 listings.
Airbnb’s corporate clients include tech focused companies like BlablaCar but expects even larger more established firms joining such as Ernst & Young and Morgan Stanley.
Last year, worldwide business travel spending reached $1.3 trillion and is predicted to grow by 6.1% next year and 7% the year after. In 2016, France’s business travel spending was $38.6 billion and might reach $56.2 bilion in 2021.