US: International Hospitality Media [IHM], the publisher of ShortTermRentalz, has confirmed that it will be holding a bonus webinar on Friday 11 December [2pm GMT] to dissect Airbnb’s IPO and its impact on the global hospitality space.
The session, entitled “Airbnb IPO – what does it mean for hospitality”, is scheduled to take place just 24 hours after the home-sharing platform officially goes public by listing its shares on the Nasdaq Global Select Market under the symbol ABNB. The initial public offering will be the largest on the index since Facebook’s own IPO in 2012.
On Monday, it was revealed that Airbnb is planning to increase the price range of the IPO from $44-$50 up to $56-$60 per share, which could push the company’s post-offering valuation up to as much as $42 billion. At the same time, Airbnb is selling up to 50 million shares and is raising up to $3 billion in the process.
Friday’s webinar will be hosted by George Sell, editor-in-chief at IHM, and he will be joined by:
- Katherine Doggrell, editor-in-chief, EMEA, Questex Hospitality Group and author of Checking Out – what the rise of the sharing economy means for the future of the hotel industry.
- Andrew McConnell, CEO, Rented.com
- Sascha Hausmann, partner at HOWZAT ennea Group
Discover:
- Why Airbnb is going public now
- How Airbnb has been trading during the crisis
- What are the biggest risks for Airbnb and its investors
- What are the broader implications for hotels and serviced apartments.
- The future outlook for hospitality
Selected highlights from the Airbnb IPO prospectus:
- More than four million hosts on its platform in over 220 countries and regions
- Year-on-year bookings down 72 per cent in April and roughly 20 per cent through June – September due to Covid-19
- Q4 2020 is expected to have lower bookings than the third quarter
- Airbnb claims that while international bookings have been affected, domestic travel and short distance stays have been resilient
- Losses of nearly $700 million on revenue of $2.5 billion in the first nine months of this year
- The company spent $5.3 billion to create $4.8 billion in revenue in 2019
- Airbnb does not intend to pay a dividend in the foreseeable future
To sign up to this “of the moment” webinar, register at this link.
