Airbnb is taking on hotels for a greater share of Australia’s corporate travellers, who now form the country’s fastest-growing travel market.

Latest Tourism Research Australia data shows that business trips rose 11% over the twelve months to March 2018, to 21.3 million, with spend up 6% to more than $16 billion. Employees from around 36,000 companies in Australia and New Zealand have already used or signed up for Airbnb for Work.

Airbnb for Work accounts for around 10% of all Airbnb bookings globally and is the company’s fastest-growing segment, with work-related bookings more than tripling in the last 12 months.

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