Airbnb (ABNB.US) welcomes "epoch-making" updates: moving towards a one-stop platform for "stay, play, and enjoy".

According to Securities Times, after more than a year of silence, Airbnb (ABNB.US) finally released a completely revamped and updated application, which is described as a "revolutionary" and significant update. Currently, Airbnb is expanding its services beyond housing rentals, meaning that the Airbnb app will no longer only belong to landlords and travelers, but will also offer services for private chefs, hairdressers, fitness trainers, tour guides, and travel service providers. Due to the sharp slowdown in growth of Airbnb's core housing rental business following the global tourism boom shortly after the outbreak of the COVID-19 pandemic, both its performance and stock price have been consistently weak. Therefore, expanding into new business lines aims to bring in $1 billion or more in annual revenue.