Airbnb blocks 80,000 UK bookings in party crackdown ahead of lockdown easing April 15, 2021 Airbnb has rejected almost 80,000 bookings in the UK as the home-sharing firm attempts to clamp down on end-of-lockdown parties. The company has made use of a feature first introduced in August last year which automatically prevents customers under the age of 25 reserving entire homes if they have fewer than three positive reviews. Use [...]
Airbnb blocks 200 UK listings in crackdown on party houses April 1, 2021 Airbnb has blocked a further 200 listings in the UK during a crackdown on “party houses”, bringing the total number of properties removed or suspended to 1,000 over the past six months. The holiday letting platform said the suspensions are focused on listings with descriptions that appear to allow parties, which is against Airbnb’s policy. [...]
Airbnb reports better than expected revenue drop amid biting pandemic restrictions February 25, 2021 Airbnb suffered a better than expected 22 per cent revenue drop in Q4 2020, having at one stage predicted 2020 revenue could be less than half of what it was in 2019. Airbnb’s total revenue of $3.4bn for 2020 decreased by only 30 per cent compared with $4.8bn in 2019. In Q4 2020, revenue of [...]
Airbnb cancels all Washington bookings during Biden inauguration January 13, 2021 Airbnb is cancelling all reservations in the Washington DC area during the week of Joe Biden’s inauguration amid concerns about further violence. The holiday rental site said all existing reservations will be cancelled, including those made on its Hotel Tonight subsidiary, and any new bookings will be blocked. Airbnb said guests and hosts will be [...]
Stunning Airbnb market debut drives valuation past $100bn in biggest IPO open of 2020 December 10, 2020 Shares of Airbnb soared in its stock market debut today, valuing the firm at $101.6bn and marking the biggest US floatation of 2020. Shares open at $146 on the Nasdaq, far above the initial public offering (IPO) price of $68 apiece. The stock then hit a high of $165, rising 142.6 per cent after the [...]
Airbnb looks set to take flight in $35bn float next week December 4, 2020 It’s been a long time coming but after months of speculation Airbnb looks set to pull the trigger on an IPO on 9 December, to start trading a day later, with a valuation expected to be in the region of $35bn, pricing the shares between $44 and $50 a share, as it looks to raise as much as [...]
Airbnb targets $35bn valuation in blockbuster float December 1, 2020 Airbnb is targeting a $35bn (£26bn) valuation in what is set to be one of the final blockbuster stock market listings this year. In a filing today the holiday rental firm said it will look to raise up to $2.6bn from its initial public offering on the Nasdaq exchange, which is set to take place [...]
City watchdog probes Airbnb ahead of New York float November 22, 2020 The UK’s financial watchdog is investigating Airbnb over concerns about the tech firm’s anti-money laundering and counter-terrorist financing systems. The Financial Conduct Authority last year called on UK electronic money institutions to review their compliance on safeguarding customer funds. Airbnb Payments UK (APUK) told the City watchdog that it had identified gaps in its compliance [...]
Airbnb reveals deeper loss ahead of stock market float November 17, 2020 Airbnb today revealed it has suffered deeper losses this year as a result of the Covid-19 pandemic, as it unveiled the prospectus for its eagerly-awaited stock market listing. The holiday rental company posted a loss of $697m (£527m) on revenue of $2.5bn in the nine months to the end of September, a widening of the [...]
Airbnb suspends 800 party houses in crackdown on antisocial behaviour November 6, 2020 Airbnb has suspended more than 800 UK property listings as part of a crackdown on party houses. More than 13,500 booking requests have also been blocked as part of a pilot to prevent under-25s to rent homes close to where they live in a bid to stop anti-social behaviour. Airbnb removed listings that have received [...]