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JAN 24, 2013 - Business Insider

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Airbnb Could Soon Do $1 Billion A Year In Revenues

Airbnb, the online marketplace for spare rooms and other unconventional lodging, is poised for rapid growth, according to Michael Pachter, an analyst at Wedbush Securities. In a recent Forbes cover story on Airbnb, Pachter estimated that Airbnb rented 12 million to 15 million room-nights in 2012. Pachter thinks that could increase to 100 million nights "eventually"—at which point it could be generating $1 billion a year in revenues. (Pachter is the analyst who famously railed against the hoodie that Facebook CEO Mark Zuckerberg wore on his IPO roadshow. He didn't offer commentary ... Read More

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