Airbnb anticipates ‘strong sustained pent up demand’ as results beat analyst expectations AIRBNB SUCCESS Airbnb has posted record quarterly results and beat estimates as holidaymakers are keen to get away after lockdown measures have eased. First quarter revenue shot up 70 per cent from the year prior, despite the company noting “macroeconomic headwinds,” war in Ukraine and the pandemic. Revenue hit $1.5bn and exceeded its pre-pandemic comparable by 80 [...]
Airbnb vows to home 100k refugees as Ukraine crisis continues UKRAINE CRISIS Airbnb announced it would offer free, temporary housing for up to 100,000 refugees fleeing Ukraine. Chief Executive Brian Officer Brian Chesky and Joe Gebbia, the chairman of the home rental company’s non-profit arm, said they have sent letters to leaders of Poland, Romania, Germany and Hungary offering help to house the refugees. Announcing the news via Twitter, [...]
Plans to require Airbnb-style rentals to obtain licence from local council Scotland move in Scotland New government proposals in Scotland will require properties that are used for short-term lets and Airbnb-style rentals to get licences from the council. Ministers want to tackle the growth of Airbnb-style rentals in popular tourist areas such as Edinburgh and will ask individual councils to set the requirements for granting a licence while allowing uncapped [...]
Airbnb reaps rewards of domestic travel boom with record sales November 4, 2021 Airbnb snagged record sales and earnings in its third quarter, beating analyst forecasts and signalling the domestic holiday boom seen in several countries amid pandemic restrictions. Revenue surged 67 per cent to $2.2bn, climbing past analyst estimates of $2.07bn, according to Bloomberg. The holiday rental platform secured $834m in net income in the period, soaring [...]
Airbnb likely to report soaring third-quarter results despite ongoing travel limits November 4, 2021 Airbnb is expected to report strong third-quarter earnings this evening, despite ongoing travel restrictions in some regions. The consensus EPS Estimate is $0.83 and the consensus Revenue Estimate is $2.06B. The property rental company has been in recovery mode since the pandemic, and the third quarter is normally the strongest period for Airbnb, covering the summer holiday [...]
Airbnb appeals to Glaswegians to host COP26 attendees September 29, 2021 Glaswegians have been offered a £100 incentive by Airbnb to open up their homes for the COP26. The climate change event will draw in 30,000 attendees from all over the world – but rental platform Airbnb says the city’s hotels only cater for half those people. It cited the Glasgow Convention Bureau as saying hotel [...]
Airbnb publishes record results with revenue up 300 per cent year on year August 13, 2021 Airbnb has reported record intake for Q2 of 2021 with revenue beating pre-pandemic levels as vaccination programmes boost travel. The company achieved $13.4bn in gross booking value – up 320 per cent compared to the same period a year ago and up 37 per cent compared to 2019. Revenue for Q2 hit $1.3bn a rise [...]
Airbnb inks deal with location tech firm what3words amid staycation boom July 8, 2021 Airbnb has launched a partnership with what3words to bring the startup’s location mapping technology to its platform ahead of an expected boom in staycations. What3words has divided the world into three-metre squares each with a unique three-word name to help pinpoint specific addresses. The London-based company said its technology helps to tackle the inaccuracy of [...]
Airbnb paid tourist $7m after rape at New York rental June 16, 2021 Airbnb paid an Australian tourist $7m (£5m) after she was allegedly raped at knifepoint at a rental in central New York, according to media reports. The woman received the payout after the attack took place during a visit with friends to celebrate New Year’s Eve in 2015, Bloomberg reports. The suspect had reportedly made a [...]
Airbnb boss banks on long-term shift to remote working May 26, 2021 Airbnb is “not just a travel company anymore”, boss Brian Chesky has said, as he threw his weight behind a long-term shift to home working. The rental booking chief has unveiled a string of changes to the platform aimed at capitalising on new travel habits in the post-pandemic age. Chesky said Covid-19 had sparked the [...]