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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 […]
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 […]
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 […]
JetBlue to diversify into short-term rentals
Reading Time: 2 minutesUS: American low cost airline JetBlue Airways is planning to diversify its travel product offerings into short-term rentals with an as-yet unnamed partner from the industry. Under the proposals outlined by JetBlue Travel Products president Andres Barry at a Morgan Stanley conference, the company would provide rental accommodations through its own brand, and operate customer […]