Flyr, an airline retail platform, said Thursday that it has raised a $225 million series D round, one of the largest single raises ever for a travel tech company and the largest so far this year.
07.08.2024 - 23:55 / skift.com / Brian Chesky / Justin Dawes / Sarah Kopit
Brian Chesky said it will take years to rebuild Airbnb into a fully AI-powered application.
The long-term vision is that Airbnb will act as a digital travel concierge that learns and adapts to each individual user, Chesky explained during an earnings call this week.
“It’s going to take a number of years to develop this,” Chesky said. “And so it won’t be in the next year that this will happen.”
Last year, the Airbnb CEO told Skift CEO Rafat Ali the company would be “rebuilding the entire app with AI at the center” by May 2024.
In a May interview with Skift Editor-in-Chief Sarah Kopit, he acknowledged that his plans would take longer than originally anticipated. “But I think I’m as bullish as ever about it,” he said.
While there’s been a lot of development with computer chips and generative AI models, there hasn’t been as much with applications. Today’s major apps were built before the latest generations of AI were released, so none are native to that new tech, Chesky explained.
“If you look at your home screen, which of your apps are fundamentally different because of generative AI? Very little, especially even less in e-commerce or travel,” Chesky said this week.
“What we need to do is we need to actually develop AI applications that are native to the model. No one has done this yet.”
Chesky still has big plans for the future of Airbnb.
More than a simple chatbot, he envisions that the concierge will understand users well enough to make relevant suggestions about where and how to travel.
And that, he said, will cover the end-to-end trip.
Airbnb already sells hotel rooms through HotelTonight, which it acquired in 2019 for $400 million. The plan is that the redeveloped Airbnb app could sell hotels from that inventory, plus other products. (Maybe it will include experiences, too, which Airbnb said it is relaunching next year.)
“There are opportunities down the road with this new interface to sell new things, including hotels and everything,” Chesky said.
Chesky recounted the collective excitement that the entire travel industry had with the release of ChatGPT in late 2022. Airbnb and others may have gotten a bit swept away:
“When [ChatGPT launched], I think we all got incredibly excited. It was kind of like the moment probably some of us first discovered the Internet or maybe when the iPhone was launched. And when it was launched, you had the feeling that everything was going to change,” Chesky said. “I think that’s still true. But I think one of the things we’ve learned over the last nearly two years since ChatGPT launched is that it’s going to take a lot longer than people think for applications to change.”
Flyr, an airline retail platform, said Thursday that it has raised a $225 million series D round, one of the largest single raises ever for a travel tech company and the largest so far this year.
The passenger experience at New York's John F. Kennedy International Airport (JFK) is about to get a major improvement.
In the morning, I splash water on my face and use Dior Prestige La Micro-Huile de Rose Advanced Serum and put on some SPF. After school drop-off, I do my real routine. I splash again with water and use Rovectin Calming Lotus Water Toner. I do three layers of that. I go in with [my brand] Eadem’s Milk Marvel Dark Spot Serum and then a thin layer of Cloud Cushion Airy Brightening Moisturizer. My sunscreen is Innisfree’s Daily UV Defense, which I’ve been using for 10 years. It’s sheer and gives a finish that’s not too oily or matte.
Airbnb plans to relaunch its experiences business next year with some twists: They will need to be cheaper than they currently are to attract Gen Zers, they must be more exclusive to Airbnb, and they'll be marketed through video.
Good morning from Skift. It’s Tuesday, August 6, and now here’s what you need to know about the business of travel today.
Singapore has been recrowned as the country with the world’s most powerful passport in 2024.
After 15 years without a recession (ex-Covid), Friday’s jobs report has sent U.S. markets into a freefall and has a lot of people whispering the R-word. Here’s what’s going on and what it means for the travel industry.
As an obsessive traveler, I've always been fascinated by the world of hospitality.
This as-told-to essay has been adapted from a conversation with Sophie Rae , a 27-year-old graphic designer and artist, who lives in both Boston and New York City. It has been edited for length and clarity.
People love getting free stuff for money they’re already spending, and Bilt Rewards is cashing in on that. Users get points for rent payments — typically a person’s biggest monthly expense — that they can exchange for travel.
Since American Airlines abandoned its adoption of a next-generation distribution strategy this year, that left some wondering if other airlines may follow suit.
July was a whirlwind — and, well, the news was nonstop. Between politics, that wild global computer fiasco (you know, the one that hit airlines hard) and the Olympics starting, you might have missed some big news on the hotel front.