It looks like it's designed to convey an emotion - that giddy feeling when you're traveling and seeing something new, coupled with having a homey experience from a local. It's got great big photos, that big hero video, and is emphasizing both people and landscapes pretty well.
Overall, I get the sense that the brand is growing up and expanding from a sub-culture to a larger market of travelers now. And they've managed to look better than an Expedia or Travelocity.
With that said - darn it, now I can't get the "private parts" comparison out of my head now.
(Conspiracy theorist note: Unless, that's what they wanted to put into your head... Ooo...)