[waterlesscloud]

No, the point is to rent spaces to people.

When you look at them that way, a billion may be low.

I was confused when I first heard of them, I thought they were just planning to be what they are right now- spare private room rentals to travelers. But then they explicitly stated a desire to directly disrupt the moribund hotel industry by offering services that make hotel room pricing more dynamic. Hotels are dynamic now, you can almost always negotiate the rate lower, but the vast majority of people don't know that, or don't want to try. If airbnb can somehow automate a chunk of that process, there's money for every in the transaction. I think that's a hard problem, but solvable.

If they also move into subletting and temporary event space and so on... Big markets.

[maxwell]

I don't know about the chains, but independent boutique hotels and inns already do this.