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Inspirato announces new CEO, $10m funding and layoffs
Reading Time: 2 minutesUS: Luxury travel subscription brand Inspirato has announced the appointment of a new chief executive officer [CEO], a $10 million equity financing, and another round of layoffs, while also releasing its Q2 results.
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 share price is “more than stretched” says Wall Street analyst
Reading Time: < 1 minuteUS: Airbnb shares fell on Monday after Wall Street analysts warned that first-day trading surges resulted in a “precarious” market valuation. Airbnb’s valuation is “more than stretched” when compared with other travel peers, research firm Gordon Haskett said in a note downgrading the stock to underperform from buy. Airbnb shares soared 113 per cent on […]