Airbnb predicts huge rebound, ASX travel shares in the hot seat
Kerry Sun | April 19, 2021 11:41am |
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Global accommodation marketplace,
Airbnb believes it will need to add millions of new hosts to accommodate guests as travel rebounds following COVID-19. Its positive view on the industry could spell good news for ASX travel shares.
Airbnb expects travel industry to bounce back
CEO Brian Chesky told CNBC, “I think that we probably will have a high-class problem where there will probably be more guests coming to Airbnb than we’ll have hosts for because … we think there’s going to be a travel rebound coming that’s unlike anything we’ve ever seen.”
The
S&P/ASX 200 Index (ASX: XJO) was in fine form last week and surged notably higher. The benchmark index rose 2.4% over the four days to end the week at 6,995.2 points.
Unfortunately, not all shares on the index were able to climb higher with the market. Here’s why these were the worst performing ASX 200 shares last week:
The Chorus share price was the worst performer on the ASX 200 last week with a 6.4% decline. Investors were selling the New Zealand telco’s shares after it revealed that it has reduced its indicative Maximum Allowable Revenue (MAR) range to NZ$680 million to NZ$710 million. This compares to its previous MAR range of NZ$715 million to NZ$755 million.
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Jarden Brief: Markets quietly await Federal Reserve policy meeting
17 Mar, 2021 08:03 PM
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NZ Herald
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New Zealand:
On Wednesday, the NZX 50 decreased 0.8 per cent to 12,582.9 points. The top performer of the day was Tourism Holdings up 5.0 per cent to $2.50. Synlait Milk increased by 4.9 per cent to $4.08 and Z Energy by 4.7 per cent to $2.92.
Z Energy s increase is linked to the company announcement made Wednesday morning. Due to its better-than-expected performance the firm renegotiated its debt covenant waivers and is expected to pay a full year divided for the financial year 2021. The dividend is expected to be between 12 to 14 cents a share and would be paid out around May 2021.