11/30/2022, 7:06 AM (Source: TeleTrader)
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Chart for: Airbnb Inc

Airbnb to offer big landlords cut of rental sales - report

Airbnb Inc. plans to use its website as a listing platform featuring exclusively apartments that allow short-term sublets, the Wall Street Journal reported on Wednesday.

As part of its plan to draw more big landlords to use its services, the company intends to offer property managers a share of the booking revenue, hoping to entice more of them to allow short-term rentals. The new feature will reportedly cover 175 properties managed by 12 companies, including Equity Residential and Greystar Real Estate Partners LLC, the report stated.

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