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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 […]
Airbnb set to file for $30bn+ IPO this week
Reading Time: 2 minutesUS: Airbnb is set to file the necessary IPO [initial public offering] documents later this week ahead of its anticipated stock market debut in December, as it seeks to raise $3 billion in proceeds in a move that would set the company a valuation of around $30 billion, according to Reuters. Next month, it is […]
Airbnb announces creation of host advisory board
Reading Time: 2 minutesWorldwide: Airbnb has announced that it has created a host advisory board and a host endowment to support its host community before it closes its eagerly-awaited initial public offering [IPO]. The advisory board will include 15 VIP Airbnb hosts who will be announced before the end of the year. In a statement, CEO Brian Chesky […]
Former Apple designer Sir Jony Ive joins Airbnb
Reading Time: 2 minutesWorldwide: British designer Sir Jony Ive, who oversaw the creation of the iPhone, iMac, iPod, Apple Watch and AirPods at multinational tech firm Apple, has been brought on board by Airbnb to collaborate with the home-sharing platform’s internal design team in a multi-year deal. Ive, who is a “long time friend” of Airbnb CEO Brian […]
Pass the Keys launches new franchises in the UK
Reading Time: 2 minutesUK: Airbnb professional management company Pass the Keys has added new franchises in popular short-term letting destinations across the UK, including the Lake District, New Forest and Christchurch. As a result, the company has taken the number of locations it spans across the country up to 27. With staycations and national parks becoming increasingly popular since […]