Airbnb books itself into house-building venture

Airbnb has changed the way people travel, becoming one of the biggest disruptors to the hotel trade — and now it is coming for housebuilders.

The San Francisco-based home-sharing giant is to start designing and building “affordable” homes from next year, which will “thoughtfully respond” to changing needs over time.

The company, which operates in 81,000 cities worldwide, said that the new venture would be called Backyard and “re-imagine the design of homes”, by looking at new ways that they can be built and shared.

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