Move Over, Craigslist: Airbnb Launches Sublets for Longer-Term Rentals
Airbnb, the fast-growing online accommodations service, is expanding an offering to allow users to more easily book longer rentals of a month or more.
The San Francisco-based company said in a press release that it had seen a “marked increase in users seeking and booking long-term stays.” So now, after already booking 3,000 monthly rentals, Airbnb said it is improving the functionality and expanding the long-term market on the site.
“Searches for reservations of a month or longer will now display the total monthly price directly in search results,” said Airbnb.
The move will add more competitors to Airbnb, including huge sites such as Craigslist, which specialize in longer-term rentals. Until now, the well-funded site — which has just recovered from a recent controversy over a booking gone bad — has focused on shorter, hotel-like offerings, but at people’s homes.