It has changed the way people look at travel and their own homes. Now Airbnb has just been named company of the year by Inc. magazine.
The online marketplace, which connects homeowners looking to rent rooms to travelers looking for a place to stay, is part of the "sharing economy."
With 2014 clearly being the year of the sharing economy, "it had to be a sharing economy company, and to us, Airbnb is the most audacious of the lot," Inc.'s Editor-in-Chief Eric Schurenberg said in an interview with CNBC's "Squawk Alley."
The San Francisco-based company, valued at $13 billion and No. 41 on the 2014 CNBC Disruptor 50 List, was founded in 2008. It now boasts 25 million users and connections in more than 34,000 cities and 190 countries.