Marriott International said on April 29 it would expand its home-sharing program to 2,000 properties worldwide. The hotel chain began renting out homes in Europe last year. The division, called Homes & Villas by Marriott International, uses property management companies to service what it calls premium and luxury properties, which can also be rented for points on the company’s loyalty program.
Airbnb Chief Executive Brian Chesky said during a CNBC interview on April 29 that the home-sharing company would be ready for an initial public offering later this year. Airbnb was valued at $31 billion in its last funding round in 2017.
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