Four days ago news flashed around the globe about one of the core members of Airbnb who has left the company to take on his new career break. Company’s CEO Brian Chesky announced this news among the staff which certainly came as a shock for many because the role of managing director international business was taken up by Hong Ge merely four months ago.
A struggle of the short-term home rental platform against a few domestic rivals is also one of the major reasons behind this change. However, Hong Ge’s resignation came in the picture after the recent new designation of company’s co-founder Nathan Blecharczyk as the chairman Airbnb China. Hong is certainly leaving on a positive note with the company and confirms his long stay in the internet industry.
Another senior member Ronnie Gurion quit his journey with Airbnb this year in July. He was leading Airbnb’s international business development projects. He stepped out into a new position and global achievements. Olivier Gremillon is also one of the core members and has got a strong experience background as the ex-president of one of the media solution companies. He has also served as a director with the travel tycoon Expedia. He is being now tagged as Airbnb’s European chief by the Guardian itself.
With the manpower of over 3,100, Airbnb was valued at around $31 billion in March this year. It was quite close to $1 billion to expand its business and become a part of travel tours and luxury rentals. This company turned profitable before tax, interest, and depreciation last year i.e. 2016 and will certainly continue to stay in the great profit this year. Looking at the present market competition it is very important for Airbnb to maintain an increased growth.There is no time to disappoint the investors as they are ready to leave the hands of the companies which are turning out to have an unstable or uncertain growth.
The scenario of core people quitting in a short span of time may affect the market reputation of the organization and also may shake the trust of top investors. However, Airbnb is able to easily manage a good market value till date and going on a positive side. Airbnb is impeccably offering four million listings across 191 countries in which US, France, Italy, Spain, and the UK are among having the maximum listings.