The Airbnb Inc. application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Arlington, Virginia, U.S. (Photographer: Andrew Harrer/Bloomberg)

Airbnb’s New Luxe Tier Includes a $1 Million Polynesian Island

(Bloomberg) -- Gone are the days of air mattresses on the floor. Airbnb Inc. is now catering to the mega-wealthy with a new tier of luxury rentals.

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