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Airbnb adds built-in speed test to help hosts include WiFi info in listings engadget.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from engadget.com Daily Mail and Mail on Sunday newspapers.
Buy Airbnb Stock Ahead Of The July Fourth Travel Boom? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
What's Happening With Airbnb Stock? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
The coronavirus pandemic considerably curtailed rental activity on Airbnb, but the business appears to be recovering as vaccines becomes more widely available and governments lift travel restrictions. The company reported 64.4 million nights and experiences booked, up 39% from the fourth quarter and up 13% year over year. Analysts polled by FactSet had expected 62.5 million nights and experiences booked. Booking nights dropped in every quarter last year compared with the same period in 2019. Gross booking value, Airbnb s way of tracking host earnings, service fees, cleaning fees and taxes, totaled $10.3 billion, up 52% year over year and above the $7.87 billion FactSet consensus. Airbnb s net loss tripled as it repaid debt for loans it took out early in the pandemic, and as the company continued to pay restructuring fees following layoffs. It also had a $113 million impairment related to office space in San Francisco. ....
Airbnb Plans IPO During Pandemic Advertisement While Airbnb has done better than most of its competitors in the pandemic, it still faces a challenging road ahead. December 10, 2020 Author: Kim Iskyan The world’s largest hospitality company is going public in December in the midst of a pandemic that has crippled the global travel industry. Online lodging-rental marketplace Airbnb is surviving and almost thriving in what’s been an exceptionally challenging macro environment of global lockdowns and the collapse in travel caused by the coronavirus. Granted, in the first nine months of 2020, the company’s revenues fell by a sharp 32%. But that isn’t so bad compared to traditional hospitality-industry titans such as Marriott and Hilton, which have seen revenues collapse by approximately 75% this year. The top lines of online travel-booking companies Expedia and Booking.com, meanwhile, have fallen by roughly 50%. ....