a woman and a child packing a suitcase
Photo by Ivan Samkov on Pexels.com

Airbnb chief Brian Chesky believes the home-sharing platform is "turning a corner" after a difficult year that included a crackdown in New York.

The company that shook up the hotel industry by enabling travelers to book stays in local residences unveiled its latest updates on Wednesday.

"After this release, we will be turning a corner, picking our heads up and focusing on new products and new offerings," said Airbnb chief executive Brian Chesky.

The confident outlook came after a year marked by cities seeking to clamp down on Airbnb-type short-term rentals out of fears they were taking long-term housing off the market and driving up rents.

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