logo
Downtown Austin Space Activation program brings in more visitors

Downtown Austin Space Activation program brings in more visitors

Yahoo06-06-2025
AUSTIN (KXAN) — More people are visiting downtown Austin. According to the Downtown Austin Alliance, foot traffic is up thanks to a program it launched a year ago.
The Downtown Austin Space Activation program transforms vacant storefronts and underutilized spaces into affordable options for local creatives and small businesses to host pop-up shops and events.
'We set it up in an Airbnb style sort of format, where you could activate a space at a daily rate, because we understood that people wanted space temporarily. They wanted to do events,' said DAA Chief Impact Officer Jenell Moffett.
The DAA started this last summer. Since then, it has been activated more than 500 times.
'Nonprofits that have had this space to have panel discussions and community conversations,' Moffett said. 'We've also had events where there's been kids and, you know, sort of creative spaces where youth can come.'
PREVIOUS COVERAGE: Downtown Austin program fills empty storefronts with pop-ups, events
Moffett called their first year pop-up focused, as they tried to get more visitors into downtown.
'We have seen foot traffic increase year over year about 10% in these activated spaces.'
Jenell Moffett, Downtown Austin Alliance Chief Impact Officer
The DAA said half of participating businesses have been minority-owned and more than a quarter are women-owned businesses.
She said moving forward, they have goals to expand into more long-term leases.
'We had several requests for longer time,' Moffett said. 'We didn't have enough spaces to actually support that demand.'
The plan is to now find additional spaces.
'Additional partners, additional coaching, additional business development tools, so that these businesses can actually have the option to stay,' Moffett said.
The DAA plans to release its first ever impact report for the program during an open house on July 10. People interested in participating in the program can apply online.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Airbnb Needs to Win Over Policymakers – the Cost Is Adding Up
Airbnb Needs to Win Over Policymakers – the Cost Is Adding Up

Skift

time5 hours ago

  • Skift

Airbnb Needs to Win Over Policymakers – the Cost Is Adding Up

Airbnb portrays itself as a growth story. It will take a lot more lobbying spend in the future to clear a path for that expansion. How is Airbnb going to grow in the face of virtual bans in places like New York City, and crackdowns around the world in places such as Spain and Italy? Last week, for the first time, Airbnb acknowledged that the cash it spends to win over policymakers will contribute to lower profit margins. Airbnb's shareholder letter stated that in the third quarter it anticipates that its adjusted EBITDA margin will be lower than a year earlier because of investments in new growth — which include Experiences, Services, and international expansion — as well as "policy initiatives." "In recent years, global regulations have often targeted Airbnb in response to broader societal issues like housing," Airbnb told Skift in a statement. "Since last year, we've taken a strong stance to protect our hos

Arm initiated, Adobe downgraded: Wall Street's top analyst calls
Arm initiated, Adobe downgraded: Wall Street's top analyst calls

Yahoo

time12 hours ago

  • Yahoo

Arm initiated, Adobe downgraded: Wall Street's top analyst calls

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The 5 Upgrades: Phillip Securities upgraded Airbnb (ABNB) to Neutral from Reduce with a price target of $127, up from $112. The firm cites stabilizing travel demand for the upgrade. It sees "modest" sales growth through 2025 for Airbnb, driven by stable travel demand and growth in Asia Pacific and Latin America. Morgan Stanley upgraded Elf Beauty (ELF) to Overweight from Equal Weight with a price target of $134, up from $114. The firm contends that consensus "looks materially too low," noting that its forecasts are 18% above consensus in terms of FY27 adjusted EBITDA. Seaport Research upgraded Paramount Skydance (PSKY) to Neutral from Sell with no price target. A "broad, technologically forward strategy" has been announced, as expected, but without significant details or updated financial projections, which the firm believes will be lower than when the merger was announced last year. Wolfe Research upgraded Cummins (CMI) to Outperform from Peer Perform with a $480 price target following the Q2 report. The firm believes that with growing data center exposure and leverage to an eventual truck upcycle, Cummins is "very well positioned right now." Jefferies upgraded Generac (GNRC) to Hold from Underperform with a price target of $200, up from $150. The firm views the company's strategic shift away from underperforming clean technology investments as a positive, which should increase margins. Top 5 Downgrades: Melius Research downgraded Adobe (ADBE) to Sell from Hold with a $310 price target. The firm believes the software-as-a-service companies are in the "early innings" of multiple contraction given the shift to artificial intelligence, and cuts Adobe's 2026 and 2027 estimates. HSBC downgraded Trade Desk (TTD) to Hold from Buy with a price target of $56, down from $84. The company's Q2 report points to "structural issues," the firm says, adding that Trade Desk is seeing a deceleration in growth despite a strong advertising market overall. Jefferies also downgraded Trade Desk to Hold from Buy with a price target of $50, down from $100. Lake Street downgraded Tandem Diabetes (TNDM) to Hold from Buy with a price target of $12, down from $75, following a transfer in analyst coverage. While the firm appreciates "the valuation is compelling" and thinks the company should probably demand a higher multiple, shares may be range-bound until faster U.S. growth, competitive share-taking and gross margin improvement to support AEBITDA profitability are seen. Raymond James downgraded Haemonetics (HAE) to Outperform from Strong Buy with a price target of $78, down from $105. The firm also removed the shares from its Analyst Current Favorite list. Haemonetics' interventional technologies franchise declined in Q2 due to issues around selling execution, the firm says. BofA downgraded Lineage (LINE) to Underperform from Neutral with a price target of $42, down from $47, citing ongoing demand challenges, persistent macro uncertainty, cautiousness about occupancy growth, and limited visibility into multiple headwinds impacting the sector, including tariffs, interest rates, excess capacity, GLP1 drugs and government benefit reductions. Top 5 Initiations: Seaport Research initiated coverage of Arm (ARM) with a Buy rating and $150 price target. The firm believes Arm is creating "significant value" for the semiconductor industry. Oppenheimer initiated coverage of Innoviva (INVA) with an Outperform rating and $35 price target. The firm believes the company's specialty therapeutics and royalty commercial results will drive share outperformance. BTIG initiated coverage of Urban Edge (UE) with a Buy rating and $23 price target. Urban Edge's 70-plus properties are largely concentrated in the Northeast Corridor, notes the firm, which sees the company providing investors with "a solid opportunity for growth" through the existing portfolio, redevelopment potential, and new investments. H.C. Wainwright analyst Brandon Folkes assumed coverage of Collegium Pharmaceutical (COLL) with a Buy rating and $44 price target. The firm views the growth potential of Jornay PM as underappreciated. Stifel resumed coverage of Mirum Pharmaceuticals (MIRM) with a Buy rating and $89 price target. The firm views Mirum as "unique" in rare disease biotech given that it is cash flow positive, has a high-growth commercial business, and a pipeline with "multiple credible" growth opportunities. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Airbnb Rebuilds Tech Stack To Enable Services And Experiences
Airbnb Rebuilds Tech Stack To Enable Services And Experiences

Forbes

time12 hours ago

  • Forbes

Airbnb Rebuilds Tech Stack To Enable Services And Experiences

Brands like Amazon, Apple and Uber redefined customer experience, dramatically reduced friction in the journey, gained consumer trust and drove new and emerging categories that were in their brand authority. Airbnb has similar aspirations. When Airbnb disrupted the hospitality industry nearly two decades ago, it did so by pioneering trust-based peer-to-peer stays. Now, Chief Business Officer Dave Stephenson believes the company is primed to disrupt again — this time by evolving from a platform for accommodations to an intelligent, experiential lifestyle and travel companion. From "Where You Stay" to "How You Travel" Is The Disruption Strategy 'People don't just want a place to stay,' Stephenson told me in a recent interview. 'They want a trip. And our new app is designed to deliver that full experience.' Following the company's most ambitious app redesign in seven years, Airbnb now offers a new 'Trips' tab, integrating accommodations with services like private chefs, massages, hair styling, and curated Airbnb Originals experiences. This new structure is more than a UX facelift — it's an infrastructural overhaul. 'We had to rebuild the entire tech stack to bring homes, services, and experiences into one unified itinerary,' Stephenson said. He's not just talking vision. During Q2 2025, Airbnb reported a surge in user engagement with the Trips tab, with a growing share of bookings now involving at least one service or experience. The Next Frontier: Services as Differentiators Why does this matter? Because even as Airbnb dominates vacation rentals, a vast majority of travel nights still happen in hotels. 'Hotels offer amenities like gyms and spas — things we traditionally haven't had,' Stephenson explained. 'But if I can get a world-class massage or a home-cooked local meal in my Airbnb, that gap closes.' Stephenson shared a personal example: On a family trip to Greece, a chef greeted them in Paros with a homemade welcome meal. 'We followed that with in-home massages. It transformed our trip.' That experience wasn't just delightful — it was strategically Airbnb. Each layer of service adds value, tilting the scale away from hotels. The company is also testing deeper AI-driven personalization. While still early, the vision is clear: 'If you give us a few data points — like your love of hot yoga or jazz music — we want to recommend the perfect local experience for you, even if you're staying in a hotel.' Yes, you read that right. Airbnb is open to serving travelers regardless of where they stay. In fact, HotelTonight which is owned by Airbnb and traditional hotel listings remain an active part of the Airbnb platform — just another indication that Airbnb's scope has expanded far beyond its original home-sharing roots. Experiences 2.0: Curated, Local, and Premium Airbnb isn't just offering more experiences — they're raising the bar. Dubbed Airbnb Originals, these activities are designed to be deeply local and surprisingly premium. From high-end culinary tours in Mexico City to yoga under the LA sun, the company is 'moving past the idea of experiences as one-size-fits-all tours,' said Stephenson. 'We're focusing on authenticity and quality.' And it's working. Experiences and services now average exceptionally high star ratings, even higher than the homes themselves — a rare feat in hospitality. 'That was shocking to us too,' Stephenson admitted. 'But we've curated tens of thousands of these with care. Our hosts aren't just guides — they're storytellers, artists, chefs.' Airbnb's success in Paris during the 2024 Olympics was a turning point. 'Hundreds of thousands of people stayed in Airbnbs,' Stephenson noted. 'We didn't just house the games — we hosted them.' That partnership model continues with global festivals like Lollapalooza, where Airbnb created a pop-up haven adjacent to a major stage and curated premium experiences including access to artists, host meetups, and services like on-site hairstyling and shoe cleaning. According to Stephenson, the space welcomed thousands of Airbnb users — showcasing what it means to offer VIP treatment to everyday guests. Trust, AI, and the "Rubik's Cube" of Travel Perhaps the most powerful asset Airbnb brings to the table isn't inventory — it's trust. As CEO Brian Chesky noted on the recent earnings call, Airbnb's review system is among the most trusted in travel. Most listings now carry ratings above 4.8 stars, and the company's fraud and safety protections — bolstered by AI — are reducing incidents to historic lows. Stephenson envisions a future where that trust becomes the lever for hyper-personalized AI. 'We don't need 500 data points. Give us three or four, and we can return something meaningful,' he said. 'But only if we've earned your trust to use that data responsibly.' The Strategic Shift: From Growth to Depth During the pandemic, Airbnb made a conscious decision: narrow focus to 'stays' and get great at it. That focus brought profitability and resilience. Now, with a rock-solid foundation, the company is ready to expand beyond the core. Stephenson puts it this way: 'We've built the rails. Now we can run anything on them — more services, more experiences, more partnerships.' Whether that's via build, buy, or partner strategies, the mandate is clear: Own the entire trip — before, during, and after. Airbnb's Brand Trust Provides The Runway Airbnb's ambition isn't to become the biggest travel brand — it already is. The ambition now is to become the most useful, most trusted companion in travel — the app you open whether you're staying in a rental, a hotel, or even at home planning your next adventure. As Stephenson summed it up in our discussion: 'We're not just expanding vertically. We're expanding with purpose — to make every trip unforgettable.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store