Billionaire Airbnb CEO says he’ll work remotely shifting from metropolis to metropolis each two weeks

The billionaire founder and CEO of Airbnb has announced that he’ll be working from a variety of rental apartments from now on – while hopping from city to city.

Brian Chesky, 40, who is currently worth an estimated $12.3 billion, took to Twitter yesterday to announce his alternative work style.

In a series of tweets, he outlined where he would be staying over the next few weeks and why he chose to operate in so many different locations.

He wrote: “As of today I live on Airbnb. I will be staying in a different town or city every few weeks.

Brian Chesky, 40, who currently has an estimated fortune of $12.3 billion, announced on Twitter yesterday that he would be staying in a series of Airbnbs while hopping around town

In a series of tweets, Chesky explained that he planned to start in Atlanta but would be visiting San Francisco — and other places — while staying in a number of Airbnbs

“This week I’m in Atlanta. I will return to San Francisco often, but for now my home will be somewhere on Airbnb.

‘Why do I do this? I think the pandemic has changed travel the most since the advent of commercial flying. For the first time, millions of people can now live anywhere.”

Chesky went on to explain that remote work has “unleashed” many people from the requirement to work in an office every day.

“We see this in our data,” he added. “From July through September, one in five nights booked on Airbnb was for stays of a month or longer, and almost half of the nights booked were for stays of a week or longer.

“Last year, 100,000 Airbnb guests booked stays of three months or longer. I think the biggest travel trend in 2022 will be people sprawling out into thousands of cities and towns, staying for weeks, months, or even whole seasons at a time.

Chesky went on to explain that remote work has freed many people from the need to work in an office every day (stock image of Airbnb logo).

“More people will start living abroad, others will travel all summer, and some will even give up their rental contracts and become digital nomads.

“Cities and countries will compete to attract these remote workers and this will lead to a redistribution of the places people travel and live.

“This trend is something of a decentralization of life and changing the identity of travel. That’s why I live on Airbnb. It will be fun, but more importantly, it will help us improve the experience for people who can now live anywhere.’

According to the Future Workforce Report, the number of US citizens working from home is projected to increase to 36.2 million by 2025.

And with fewer staff needing to be in the office due to the Covid pandemic, people took the opportunity to get more exercise.

Airbnb reported record profits of $2.2 billion in the third quarter of 2021 — a 36 percent increase compared to the same period in 2019 before the pandemic.

Last year, Airbnb quietly removed a clause from its 40-page Terms of Service that allowed hosts and guests to sue the company for sexual assault and harassment in its listings

Chesky founded Airbnb in 2008 with roommates Nathan Blecharczyk and Joe Gebbia — both of whom own smaller stakes in the company than Chesky.

In 2020, the company went public, with the share price rising to $144, more than doubling its original value.

Last year, Airbnb quietly removed a clause from its 40-page Terms of Service that allowed hosts and guests to sue the company for sexual assault and harassment in its listings.

The clause — which said customers who claimed sexual assault or sexual harassment occurred in an Airbnb building must seek a judge to settle the dispute — had been buried in the terms for more than a decade.

The 150 million Airbnb users agreed to this clause when they registered for the site.

The 150 million Airbnb users agreed to the previous clause when they registered for the site. In a statement released alongside the change last year, Airbnb said it was to “build trust” by “doing the right thing on the rare occasions when something goes wrong.”

In a statement released in August 2021, Airbnb said, “We announce that in the next version of the Airbnb Terms of Service, the arbitration provisions will no longer apply to claims of sexual assault or sexual harassment by hosts or guests.”

“We believe survivors should be able to make claims in the forum most appropriate to them,” the statement said.

It also encouraged “industry peers in the travel and hospitality space to consider similar moves for their respective communities.”

Airbnb concluded the statement by assuring hosts and guests that it “builds trust” by “doing the right thing on the rare occasions when something goes wrong.”