Airbnb recognized the trend of modern travelers seeking immersion and cultural connection, leading to the launch of 'Experiences' in 2016.The platform allows locals to offer unique activities, broadening Airbnb's market beyond accommodation.Airbnb utilized market research techniques like SWOT analysis, Porter's Five Forces, and Voice of the Customer to drive their strategy.'Experiences' became a successful addition, diversifying Airbnb's offerings and establishing the brand as a holistic travel service provider.