PARIS, Oct 29 — Airbnb said yesterday it will begin donating a dime for each reservation made on its platform to finance its nonprofit that helps house people in crisis.
The short-term tourism rental platform, which is regularly criticised for reducing housing available for local residents, expects it will thus be able to provide US$500 million (RM2 billion) to Airbnb.org over the next five years.
“It will vastly expand our ability to help people because it’ll bring in a lot more resources to the organisation” which has been financed from donations from Airbnb and its own fundraising, Airbnb.org’s executive director Christoph Gorder told AFP.
The inspiration for the nonprofit came from Airbnb hosts welcoming people displaced by Hurricane Sandy, which lashed the east coast of the United States in 2012.
