As many of my spontaneous weekend trips do these days, it all started with a text message: “Out of curiosity, whatcha up to the weekend of October 21…” Two days later, my friend and I had booked an Airbnb. Even though we planned this trip on the fly, it had […]
Airbnb
There was a time when hotel owners were divided in their opinion on whether Airbnb is competition to hotels and whether it affects hotel rates or not. With hindsight, Airbnb is not only a growing business that has just received a bullish rating by global investment firm AB Bernstein for […]
Travel and leisure sector-related exchange traded funds climbed on Friday on strong third quarter results out of Airbnb (NasdaqGS: ABNB) and Expedia Group (NasdaqGS: EXPE). On Friday, the ETFMG Travel Tech ETF (AWAY) advanced 5.1% and the Invesco Dynamic Leisure and Entertainment ETF (PEJ) increased 3.9%. Meanwhile, Airbnb shares jumped 12.1% and […]
The New York Mets are offering one lucky fan a chance to see a double header — and a place to rest their head — thanks to a new partnership with Airbnb, the company told Travel + Leisure. The special one-night July 28 ballpark stay includes the chance to watch […]
Leisure travel and “order-in” dining are very different markets, but as end to the COVID-19 pandemic appears to be in sight, Airbnb and DoorDash are looking to expand by issuing IPOs. The IPOs for both companies hit the market as the Labor Department announced that a seasonally adjusted figure of […]
Billionaire Airbnb Co-founder and CEO Brian Chesky told Yahoo Finance that the coronavirus outbreak has permanently altered travel preferences across the globe in ways that will shape the hospitality industry going forward. “Travel has changed forever,” says Chesky, whose company suffered hundreds of millions in losses and laid off a quarter of its […]