Latest news with #ABNB
Yahoo
20-05-2025
- Business
- Yahoo
Airbnb vs. Spain, Victoria's Secret, Uber stock hits record high
Yahoo Finance host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute, including Spain ordering Airbnb (ABNB) to delist 65,000 holiday rentals, Victoria's Secret (VSCO) adopts a poison pill position to prevent a possible takeover, and Uber (UBER) shares reaching an all-time high. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
Reuters
19-05-2025
- Business
- Reuters
Spain's consumer rights ministry blocks more than 65,000 Airbnb listings for holiday rentals
MADRID, May 19 (Reuters) - Spain's consumer rights ministry said on Monday it had ordered Airbnb (ABNB.O), opens new tab to withdraw more than 65,000 listings for holiday rentals from its platform, saying they violated existing rules. The decision follows several government measures against a business blamed by authorities for exacerbating housing shortages and pushing up real estate prices.
Yahoo
17-05-2025
- Business
- Yahoo
Airbnb's Latest Product Release Sparks Optimism Among Shareholders. Here's Why.
Airbnb has a flexible platform that can change as needed, but it will reflect changing travel trends, which can sometimes be negative. Management believes it has perfected its core platform business. The company recently announced its long-awaited new release, a change to its core platform. 10 stocks we like better than Airbnb › Airbnb (NASDAQ: ABNB) has been teasing followers for a while about some big news coming to change the company fundamentally. The announcement is out, and it's not as earth-shattering as one might have thought. The market bought into it, though, and Airbnb stock jumped on the news. Let's see what's happening and why the market is excited. The name Airbnb has become synonymous with vacation rentals. Although this industry has existed for a long time, Airbnb was the first complete online solution for finding travel accommodations, often in places not served by other methods. Airbnb accommodations have many advantages over hotels. They're often cheaper, there's a wide assortment of options in one platform, and they're often available even where there are no hotels. Management noted on the most recent earnings call that Airbnb is a flexible platform that can easily respond to changing consumer behavior. When it started, Airbnb serviced tech professionals looking for cheap bed-and-breakfasts as an alternative to expensive hotels, and when there were lockdowns, people who wanted to vacation used it to find accommodations close to home. It's going through another shift right now. Management noted that international travelers are trending away from U.S. locations, but that they account for only about 2% to 3% of the total business. Most U.S. business is domestic, and international travelers are still using Airbnb's platform, just for different locations. That said, demand is still expected to slow in the second quarter. Nights booked are projected to moderate, mostly due to softer demand in the U.S., where there's economic uncertainty. Management is confident, though, that this is another short-term shift, and that the company has many other growth drivers. It's particularly excited about the opportunity in international, where many large cities are still a small portion of the total business. Management has wanted to expand the platform for a long time, but it's been focused on perfecting the core business before branching out. It feels confident in that respect now for several reasons. The first is price. The platform has more details about its prices at booking, and Airbnb has removed 450,000 lower-quality listings so travelers get better values. It's also made many improvements to the platform over the past few years, featuring summer and winter releases that make the platform easier to use for both hosts and guests. "We spent the last few years rolling out hundreds of upgrades to make Airbnb better for guests and hosts," CEO Brian Chesky said. "It's now easier to use, more affordable and more reliable." Now that management believes the core is intact, it's ready to move forward. Airbnb finally released its long-awaited news last week, and it thinks that the new launch can supercharge the company's potential. Management estimates that for every person who books on Airbnb, nine people book a hotel. If it can get one more of those nine to switch to Airbnb, it can double its business. So what's this new release? Airbnb now has services and experiences listed as main booking options on its homepage. This isn't completely new; it's been offering these extras for a long time. But they're now included as a core part of the platform. Honestly, I was underwhelmed by this not-so-major shift. Management thinks that by offering a more holistic experience, it can create a full travel experience for guests that they won't find other places. They'd have to either deal with a tour manager, which is much more expensive, or spend a lot of time putting together an itinerary using many different platforms. This is an all-in-one for cheaper. This shift has a very upscale feeling. How many guests will want to book a Michelin-starred chef or spend an afternoon with NFL quarterback Patrick Mahomes? Then again, if Airbnb captures this lucrative business, it could be a strong growth driver. The market had a positive reaction to the release, especially in comparison to the stock's decline after the first-quarter report a week earlier. The stock is still off its year-to-date high, however, so it was a tempered reaction. As you might have guessed, I have my reservations about whether this is a real change or just a way to capture attention. However, I do think Airbnb has tons of future potential as it expands internationally, tries to market itself to new populations, and, most importantly, improves its platform for users. The market is there, and Airbnb is doing an impressive job gaining share without theatrics. It could be a contender for a long-term stock to own for patient investors. Before you buy stock in Airbnb, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Airbnb wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor's total average return is 967% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Jennifer Saibil has positions in Airbnb. The Motley Fool has positions in and recommends Airbnb. The Motley Fool has a disclosure policy. Airbnb's Latest Product Release Sparks Optimism Among Shareholders. Here's Why. was originally published by The Motley Fool 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
Yahoo
16-05-2025
- Business
- Yahoo
Cathie Wood's ARK Dumps $26 Million Palantir Shares, Bulks Up on Airbnb
May 16 - Cathie Wood's ARK (ARKK) ETFs shifted their bets in the latest trading session. ARK's flagship ARKK ETF snapped up 214,624 shares of Airbnb Inc (NASDAQ:ABNB), spending about $29.6 million on the home-rental platform. Its ARKF ETF added 140,000 shares of eToro Group Ltd (NASDAQ:ETOR) for roughly $7.3 million and scooped up 31,983 shares of CRISPR Therapeutics AG (NASDAQ:CRSP) at a cost of about $1.2 million. On the sell side, ARKK trimmed 206,881 shares of Palantir Technologies Inc (NASDAQ:PLTR), unloading approximately $26.5 million worth of the data-analytics firm. ARKF also pared back UiPath Inc (NYSE:PATH) by 132,149 shares, netting around $1.8 million. ARK's innovation-focused ARKW ETF topped up its GitLab Inc (NASDAQ:GTLB) position with 22,471 shares for $1.2 million. The ETFs made smaller moves in Blade Air Mobility Inc (NASDAQ:BLDE), Nextdoor Holdings Inc (NYSE:KIND) and Twist Bioscience Corp (NASDAQ:TWST), reflecting ARK's strategy to balance high-conviction bets with a broad tech and biotech lineup. These adjustments underscore ARK's willingness to rotate capital toward companies it views as poised for growth, like ABNB and CRSP, while reducing exposure to names where sentiment may have peaked. This article first appeared on GuruFocus. 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
Yahoo
14-05-2025
- Business
- Yahoo
Airbnb CFO talks new services & experiences features
Travelers can now book massages, haircuts, and chef-prepared meals directly through Airbnb (ABNB). Airbnb CFO Ellie Mertz joins Asking for a Trend to explain the company's launch of bookable services and experiences aimed at driving future revenue growth. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Airbnb has introduced a new feature that allows travelers to book services and experiences, such as getting a massage, a haircut, or a chef-prepared meal that could be added to a stay. For more, let's welcome in now, Ellie Mertz, Airbnb CFO. Ellie, it is good to see you. So, let's dig right into this news, Airbnb services. Ellie, walk us through what this means. Yes, so, when you think about why people choose a particular type of accommodation, often they are looking for what kind of services are available with that accommodations. And usually, you know, they look for hotels for those services. And starting today, you can book those services through Airbnb. We're offering things like chefs, catering, private prepared meals, massages, photography, such that your trips are even more special. And how, how does, how much would this cost me, Ellie? These haircuts and massages? So, we're trying to make sure that we have not only extremely high quality offerings on the platform, but they're also at a variety of price points. So, in terms of the services that we are launching with today, approximately 50% of our service providers have an offering that starts under $50. It's really important that our products are accessible to a wide variety of guests. And how do you pick the folks, Ellie, who are providing these services? How do you pick the hair stylists, the masseuse, the chef? Yes, so we're making sure that we're vetting our service providers for quality. Obviously, we're verifying their identification. We're also reviewing their licenses, their certifications. What we want to make sure is that when you come to Airbnb to book a service, you can trust us that it's high quality, that we've vetted the service provider, and that you're very likely to have a really great experience and service with us. So that was the, the, the services. You're also announcing today Airbnb experiences. Walk us through the details of that. Yes, so today, in addition to services, we also launched a reimagined Airbnb experiences product. And the way to think about this offering is it's unforgettable experiences hosted by locals who know their city best. What we know about travel is that approximately 70% of guests look for destinations where there's particular experiences that they are looking to have. We know they're also looking for authenticity in those experiences as well as human connections. And so that's really imbued in terms of the product offering that we've, we've launched today. If I was an Airbnb investor, Ellie, I might be thinking this sounds fun and exciting, and innovative and dynamic. I'd probably also be thinking, Ellie, when is it all gonna actually translate into material, meaningful revenue growth for the company? Do you think, is it 25, is it 26? What do you see ahead? Well, so today is day one. We're really excited to open up these offerings, not just to our guests, but also to, you know, attract new hosts to both our service offering as well as experience offerings. So today is day zero. It will take time to grow. But the goal with these offerings is to deliver material, incremental revenue growth to the top line in the years to come.
