Brian Chesky

I do think our core business does close to $100 billion in gross sales if you net out all the other businesses, gross booking value, the total amount of reservations going through the site.

I think that could probably double one day.

I don't know how long that one day is,

For every person who stays in Airbnb, eight or nine stay in a hotel.

I think we can get one extra person in an Airbnb eventually.

And I think that can get you to 200 billion.

I think there's a market much larger than Airbnb, which is hotels.

Again, hotels about eight or nine times the size of Airbnb.

I don't think we'll ever be a hotel dominant site, but we are going more aggressive into hotels.

A fun thing is that about half the hotels in the world are independents and boutiques.

They're not chain hotels.

And they're not really happy listing on the OTAs because they pay a higher commission to chains.

A lot of these independent hotels are being forced or they feel like their hand is being forced to franchise to Marriott, to Hilton or other brands because they have loyalty programs.

They can negotiate lower commissions.

So we think we can be a distribution channel for these boutiques independents.

That is a multi-billion dollar market.

I think another one would be services.

There's no Amazon for services.

And think about like you can hit a button and a car can pick you up.

you can hit a button and food can be delivered to you but what about hitting a button having 80 other things possible you know i don't know if any one market is large but if you add up the 80 different service verticals that to me is another pretty big market and then maybe the last one is like living stays longer than 30 days more and more people have a job via laptop more people are nomadic more people are moving around