PEOPLE Lyft and the cloud-computing business Salesforce. Each firm has integrated Airbnb options into its corporate travel booking systems. Airbnb has also teamed up with Concur, the expense account and travel booking management company. 10% of Airbnbers are now business travellers. On paper, Airbnb should be a total disaster. Why would anyone let out their most valuable asset to someone they have never met, nor probably ever will meet? “People thought we were nuts,” Chesky concedes. There have been a few high-profile disasters too, notably the man in New York who found out that the home he thought he had rented to someone looking for a place for his in-laws to stay while they were in town for a wedding, had instead been used for a sex party, memorably described as an “orgy for overweights” in the New York Post. To weed out bad tenants – and bad landlords – each is required to write an online review of the other after every stay. Users can read the reviews before they decide to make or take a booking. Airbnb also offers homeowners insurance of up to m. Airbnb bans landlords that Chesky says “don’t abide by our values”. Violations include renting out homes landlords do not live in or renting out homes 365 days a year, which removes valuable housing stock for city residents. But that’s rare, Chesky says. “Sharing our homes seems to bring out the best in us.” It helps that Airbnb is at the benign end of what has become known as the ‘sharing economy’ – ordinary people becoming micro-businesses by sharing personal assets. His near neighbour, Travis Kalanick, boss of app-based ownerdriver taxi service Uber, is facing a backlash from old-school taxi drivers, regulators, civic leaders, financiers and even journalists, after one Uber executive suggested delving into the private life of a critic on a US newspaper. Whichever way you look at it, Chesky’s business is a remarkable combination of what his friend, Jony Ive, Apple’s chief design officer, describes as “soaring ambition and utter practicality”. But the most remarkable thing is the one thing none of its users is keen to talk about: It’s legality, or otherwise. Hotels have to observe strict fire and life safety rules, food safety regulations, security and hygiene standards. Airbnb hosts have to do little more than check that the smoke detectors work and maybe leave out a bottle of wine and some milk, eggs and coffee. Few take out landlord insurance. That’s unfair, at best, and illegal, at worst, say hoteliers and unions representing hotel workers. Tenants renting a home should pay occupancy taxes, as hotel guests do, and hosts should pay tax on their rental income. Few tenants pay occupancy taxes, and few Airbnb AIRBNB’S BREAKNECK GROWTH GIVES IT A VALUATION OF AROUND BN. MARRIOTT IS VALUED AT ABOUT BN. NOT TOO SHABBY FOR A START-UP THAT EIGHT YEARS AGO WAS JUST HOT AIR landlords declare their earnings to the taxman. Apartment-block rules in many cities forbid rentals of less than 30 days unless the owner is there, too, a restriction many Airbnb landlords ignore. All of this gets up the nose of city authorities and the taxman, who claim Airbnb is not playing fair. In May the New York State Attorney General took legal action to force Airbnb to hand over anonymous data on a host of its users. Some cities have tried to ban Airbnb. “Some people think we are a pain in the arse,” Chesky admits. But there are signs that times are changing. Chesky won an important legislative victory in San Francisco last year. The city’s board of supervisors legalised short-term rentals of less than 30 days. Landlords, the new law says, must be permanent residents of San Francisco and enter their names in a city registry of hosts. Whole houses can be rented for up to 90 days a year. The law also imposes tax on rentals and requires landlords to take out landlord insurance. Other cities and countries that now allow home-sharing include London, Amsterdam, France, Portugal, Hamburg, Philadelphia, Portland, San Jose and Nashville. The legislative change is good business news for Chesky. San Francisco remains one of the company’s largest markets, with nearly 5000 Airbnb homes and apartments. It has spurred him on to look at new services he and his (mostly) merry band of global hosts can offer, whether it is cooking, city tours or transport. It is also great news for Chesky personally. He has lived in hundreds of Airbnbs, many of them in San Francisco, “to get to know the business better”. What’s more, his threebedroom apartment in South of Market is still on Airbnb. His couch is yours for a night. 64 j THE BLOCKBUSTER ISSUE
DUTCH CUBIC FEAT Sick of curves? Then why not go geometric in Rotterdam from £96 (€135) YACHT HIRE IN ITALY Moored at Porto Venere, this hire includes crew £476 (€670) USA TREEHOUSE When you need to channel your inner Tarzan, this elevated Buckhead, Atlanta residence could be just the place to get your swing on. From £229 (€323) OFF-GRID IN CALIFORNIA Leave the digital world behind in Grass Valley. No Wi-Fi. £173 (€244) GRAND DIGS FOR 60 IN IRELAND For that big group holiday you’ve been planning head to Headfort House, Co. Meath. £850 (€1200) THE BLOCKBUSTER ISSUE j 65
THE JAGUAR magazine celebrates the art of performance with exclusive features that inspire sensory excitement, from dynamic driving to seductive design and cutting-edge technology.
Led by an exclusive and insightful interview with unconventional actor and Jaguar campaign star Eva Green, this issue is full of Jaguar spirit. See the Jaguar XE 300 SPORT and XE SV Project 8 unleashed on the volcanic slopes of Sicily, go behind the scenes of setting two world records, look ahead to the Jaguar I-PACE eTROPHY Championship season debut, learn the secrets of thrill-making from three renowned proponents of the art, and much more.
Discover a different side to Eva Green
| Will your next taxi be a self-driven Jaguar I-PACE?
| What it takes to break a lap record at the Nürburgring Nordschleife
| The petrolheads racing in Jaguar’s new all-electric race series
| Up close with the latest special edition of the XE and XF: the 300 SPORT
A charged-up drive of the New All-Electric Jaguar I-PACE in Portugal’s Algarve
| The inside line on the creation of the revolutionary I-PACE
| Reinventing a classic: meet the E-type Concept Zero
| Fifty years of the iconic XJ saloon
| Exclusive interview with tennis star Johanna Konta
| Can supercomputers revolutionise art?
The latest issue introduces our new ‘cub’, the E-PACE compact practical sports car, which is already turning heads on the street. As we commit to electrifying every new Jaguar from 2020, we explore how pushing boundaries on track helps develop our sports cars, from writing motorsport history at Le Mans, to taking on the Nürburgring with the extreme XE SV Project 8 and being at the very cutting edge with the FIA Formula E Championship.
In this issue, we introduce a fresh new addition to the Jaguar family with the launch of the E-PACE. F1 racer Romain Grosjean reveals his passion for Jaguar while the Panasonic Jaguar Racing Team give an insight into their preparations. Plus, we get to grips with the fast-paced sport of drone racing and spend a unique day with the XF Sportbrake.
In this issue we return to top level motorsport but not in a conventional way, and by doing so accelerate the development of electric powertrains. In tandem, we introduce our Jaguar I-PACE Concept vehicle - a revolutionary new model available to reserve now for delivery in 2018.
Registered Office: Abbey Road, Whitley, Coventry CV3 4LF
Registered in England No: 1672070
The fuel consumption figures provided are as a result of official manufacturer's tests in accordance with EU legislation. A vehicle's actual fuel consumption may differ from that achieved in such tests and these figures are for comparative purposes only.