Airbnb To Dedicate $500 Million To Its Nonprofit For Emergency Stays

The goal is to increase temporary housing support for medical travelers, disaster survivors, and other crises.

Airbnb plans to dedicate $500 million to its philanthropic arm over the next five years.

The short-term rental platform will fund the expansion donating 10-cents from every booking and make up any shortfall.

Airbnb.org is the independent nonprofit whose operating costs are already covered by the company. It aims to scale up to eventually provide 1 million nights of free housing each year.

The goal is to increase temporary housing support for medical travelers, disaster survivors, and other crises.