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Market looks to Airbnb Q1 results as barometer of travel rebound
Reading Time: < 1 minuteUS: Airbnb Inc is set to release its Q1 financial results on May 13, after the market closes. The company’s earnings have been hit by Covid travel restrictions butthe market, and the wider travel industry will be looking at its Q1 results as a barometer for travel’s rebound from the pandemic. Airbnb’s overall net nights […]
Airbnb listings decline in Paris but increase in France
Reading Time: 3 minutesFrance: A recent AirDNA data report shows that the French capital city of Paris has experienced a significant drop in the quantity of Airbnb rental listings, while the rest of France has reported an increase over the last year. The decline of rentals in Paris was revealed in a recent trend report by AirDNA, a […]
Short-term rental rates rise near Chicago
Reading Time: 2 minutesUS: Though the Chicago hospitality market is still struggling as a result of the pandemic, areas within driving distance of the city are seeing rate growth. According to AirDNA, bookings on Airbnb rose 200 per cent in popular vacation spots Saugatuck, Michigan, and Lake Geneva and Door County, Wisconsin. Tim Radunez, a local host, said […]
Airbnb has awarded $7.4m in grants to Superhosts to date
Reading Time: 2 minutesUS: Airbnb has announced that, as a part of their plan to help support hosts during the global crisis, they have awarded $7.4 million worth of grants to various Superhosts. The company is currently reviewing applications to award the remainder of the $17 million available to be distributed. Airbnb unveiled its Superhost grant fund as […]
France proposes to build OTA to compete with Airbnb, Booking.com
Reading Time: 2 minutesFrance: The French government has announced proposals to build an OTA to compete with Booking.com and Airbnb. The website would be a cooperative effort between the government and the tourism industry. Eric Lombard, the head of French State-controlled financial institution Caisse des Depots & Consignations said to Bloomberg: “This sector has been very much de-intermediated […]