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Chesky predicts “travel revolution” among 50+ Airbnb upgrades
Reading Time: 3 minutesUS: Airbnb CEO Brian Chesky has said that his company is leading a “travel revolution” after announcing an additional 50+ service upgrades as part of its Winter Release. It follows Airbnb’s announcements in May that it was releasing its “most comprehensive update ever”, including 103 changes and updates to be implemented on the platform. The […]
Airbnb reports “strongest quarter ever” for Q3
Reading Time: 3 minutesUS: Airbnb has exceeded market expectations by reporting the “strongest quarter ever” in its financial results, which it claims is evidence of the travel rebound accelerating. In its third earnings report since going public via an initial public offering [IPO] last December, the home-sharing platform has reported the highest revenue and net income in its […]
Airbnb to offer accommodation to 20,000 Afghan refugees
Reading Time: 2 minutesUS: Airbnb will temporarily house 20,000 Afghan refugees at no charge in response to what CEO Brian Chesky has called “one of the biggest humanitarian crises of our time”. Chesky said: “”Starting today, Airbnb will begin housing 20,000 Afghan refugees globally for free. While we will be paying for these stays, we could not do […]
Airbnb pledges to house 20,000 Afghan refugees
Reading Time: 3 minutesAfghanistan: Airbnb CEO Brian Chesky has pledged to house 20,000 Afghan refugees around the world at no cost to help them resettle in their new countries, as he called on business leaders to “do the same”. In response to what he called “one of the biggest humanitarian crises of our time”, Chesky confirmed that Airbnb […]
Airbnb sees rise in bookings but warns of Delta variant impact
Reading Time: 2 minutesUS: In its latest earnings report, Airbnb has reported a 320 per cent increase in bookings this summer, but has warned that reservations over the autumn and winter could be heavily disrupted by the escalating outbreak of the Delta variant of the coronavirus in the United States. While the global booking platform posted a surge […]
Airbnb announces “most comprehensive” service updates
Reading Time: 3 minutesUS: Airbnb has announced the “most comprehensive update ever” to its service, a week after reporting a five per cent rise in Q1 revenue on 2020 levels in its second earnings report since going public via an initial public offering [IPO] in December. CEO Brian Chesky outlined some of the 103 changes and updates which […]
Airbnb Q1 revenue jumps five per cent ahead of travel rebound
Reading Time: 3 minutesUS: Airbnb has reported a five per cent rise in Q1 revenue compared to the same period last year [$887 million compared to $842 million in 2020] in its second earnings report since it went public via an initial public offering [IPO] in December. The company’s Q1 revenue, recorded between January and 31 March 2021, […]
Pass the Keys welcomes seven new franchisees
Reading Time: < 1 minuteUK: Short-let property management firm Pass the Keys has welcomed seven new franchisees to its franchise, this time based in Chichester, the North York Moors, South Pembrokeshire, Wells, West Dorset, Scarborough and South Hams. It takes the company’s total franchise number to 36. Against the backdrop of the 2021 staycation boom, a recent study carried out […]
Airbnb posts $3.9bn loss in post-IPO earnings report
Reading Time: 2 minutesUS: Airbnb has posted a net loss of $3.9 billion in the fourth quarter of 2020 in its first earnings report since going public via its blockbuster IPO in December. The company incurred charges related to its IPO, including $2.8 billion of stock-based compensation expense, which led to the multi-billion loss in Q4 and a […]
Airbnb expects more “connected and relaxed” travel in 2021
Reading Time: 6 minutesUS: Airbnb has published its latest US-focused report detailing how it expects travel to return in 2021 and highlighting how there will be a shift towards more meaningful travel in a bid to limit mass tourism post-vaccine rollout. According to the report, US consumers will prioritise spending as much time as possible with their family and […]