Tag: Airbnb

Airbnb valuation skyrockets to $100bn amid IPO “bonanza”

Reading Time: 5 minutesUS: After much speculation and anticipation, Airbnb has achieved an eye-watering post-initial public offering [IPO] valuation of circa US$100 billion, marking a huge rise from the $47 billion at the IPO offering price and the $42 billion figure that was initially forecasted earlier this week. The home-sharing platform is raising around $3.5 billion in the process, and shares in […]

Airbnb valuation skyrockets to $100bn amid IPO “bonanza”

Reading Time: 5 minutesUS: After much speculation and anticipation, Airbnb has achieved an eye-watering post-initial public offering [IPO] valuation of circa US$100 billion, marking a huge rise from the $47 billion at the IPO offering price and the $42 billion figure that was initially forecasted earlier this week. The home-sharing platform is raising around $3.5 billion in the […]

IHM to dissect Airbnb IPO on bonus webinar

Reading Time: 2 minutesUS: 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 […]

Airbnb aiming for $42bn valuation in bumper Thursday IPO

Reading Time: 2 minutesUS: Airbnb is planning to increase the price range of its upcoming IPO [initial public offering] scheduled for this Thursday 10 December, which could push the company’s post-offering valuation up to as much as $42 billion. The home-sharing platform is set to boost the range from $44-$50 up to $56-$60 per share, while selling up […]

Airbnb announces NYE plan to protect public health

Reading Time: 2 minutesUS: Airbnb has announced its plan to strengthen its hosts’ protection against unauthorised house parties and large gatherings over New Year’s Eve, as the world braces itself for further waves of Covid-19 cases. According to the platform, the approach will be anchored by a two-night minimum in entire home listings for guests without a history of […]

Vacation rental revenues halved, $35b loss in 2020

Reading Time: 2 minutesWorldwide: According to data from StockApps, the revenue of the global vacation rental industry is expected to drop by $35 billion in 2020, which equates to a 42 per cent drop year-on-year. In 2017 the industry generated $78.7 million in revenue, which rose by seven per cent to almost $84 billion in 2019. However in […]

Airbnb hopes to raise $2.5bn in mid-December IPO

Reading Time: 2 minutesUS: Airbnb has disclosed that it is seeking to raise up to $2.5 billion in its upcoming initial public offering [IPO]. In addition, the platform is targeting a higher-than-initially-expected valuation range of $30 billion – $33 billion and is on course for a listing on the public markets by mid-December. The price range of the float […]

Honolulu signs MOU with Airbnb and Expedia

Reading Time: 2 minutesUS: Hawaii’s capital Honolulu has signed a memorandum of understanding [MOU] with both Airbnb and Expedia to improve the enforcement of rental laws in the city. Both companies will now share information with the city and assist with education and place certain licensing features on their listings. Properties in Honolulu will now be required to […]

Airbnb and Bachcare targeted by NZ cancellation policy complaints

Reading Time: 2 minutesNew Zealand: Airbnb and New Zealand-based property management company Bachcare are the subject of a complaint from consumer protection organisation Consumer NZ due to the companies’ cancellation policies. The organisation is requesting court action on the policies, based on their “unfair terms”. Consumer NZ has identified Airbnb’s cancellation policies, which it claims favours hosts over […]

Airbnb to consider integrating blockchain technology

Reading Time: 2 minutesUS: In its recent S-1 filing for an IPO, Airbnb declared an interest in a number of emerging technologies, including tokenisation, cryptocurrencies and blockchain. Previously, the company had not committed to adding bitcoin or other cryptocurrencies as a form of payment. The filing read: “Future success will … depend on our ability to adapt to […]