
Skift Daily Travel Briefing
Airbnb's C-Suite Shuffle
Dec 6, 2023
The podcast discusses recent changes in Airbnb's business team, with the CFO and VP of Finance taking on new roles and the Global Head of Hosting leaving. Also mentioned are Selina's restructuring plan and a potential merger between Alaska and Hawaiian airlines.
03:14
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Quick takeaways
- Airbnb announces a shakeup in its business team, with CFO Dave Stevenson becoming Chief Business Officer and VP of Finance Ellie Mertz taking over as CFO, while Global Head of Hosting, Karen Powell, will be leaving the company, in response to analysts' concerns about slower growth in room nights, Stevenson will focus on expanding Airbnb's core homes business, international expansion, and increasing host supply.
- Hotel brand Selena faces financial difficulties, but aims to avoid bankruptcy through a restructuring plan and a capital injection of up to $50 million, with strategic investment from Global University Systems, having already received over $20 million in capital, these efforts aim to sustain the brand which targets younger travelers and has faced financial challenges in the past.
Deep dives
Changes in ARB&B's Business Team
ARB&B announced a shakeup in its business team, with CFO Dave Stevenson becoming Chief Business Officer and VP of Finance Ellie Mertz taking over as CFO. Global Head of Hosting, Karen Powell, will be leaving the company. This move follows analysts' concerns about slower growth in room nights. Stevenson will focus on expanding ARB&B's core homes business, international expansion, and increasing host supply.
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