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...He pointed to more changes, due next month, that would mark the “biggest update to Airbnb ever”. “Travel is our sweet spot,” he said....
...Airbnb’s quarterly revenue guidance of between $2.68bn-$2.74bn compared with analyst estimates of $2.74bn....
...Airbnb is examining new business lines as revenue growth slows following a post-pandemic boom....
...“I think that Airbnb can go far beyond travel in the coming years, but I think we’re going to start with our core....
...“Butchers and bakeries are being replaced by Airbnb concierge services,” he said....
...It has been charging a tourists’ tax since 2020, an extra €3 a night to stay in addition to the 12.5 per cent per room charge (10 per cent for an Airbnb)....
...Airbnb, which is also an official partner for the Olympics, remains optimistic about the opportunity it offers hosts....
...If you are coming from a hotel or a five-room Airbnb, well, perhaps not....
...Meanwhile, Airbnb continues to deal with pressure from regulators, especially after a post-pandemic travel boom that has led to cities being inundated with tourists....
...Travel accommodation group Airbnb beat earnings forecasts in the third quarter, but warned of “volatility” at the end of the year that would slow growth....
Also in this week’s newsletter, English football’s casino league and Aston Villa’s grand ambitions
...Booking Holdings shares rose on Friday after the travel group reported solid results and as its chief executive said the company was growing “substantially faster” than Airbnb in its non-hotel bookings....
...The travel sector continues to benefit from a post-pandemic boom in demand, despite high inflation....
...Airbnb chief executive Brian Chesky claims the result will be higher costs all round. That rings true. Without Airbnb competition, hotels will feel free to raise their rates....
...I quite like an Airbnb for if I’m doing a group trip with friends. I think it’s quite nice for everyone to be together....
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...Airbnb has recorded its most profitable second quarter on the back of higher nightly prices and a rebound in post-pandemic travel....
...The former’s holdings include fintechs Klarna and Starling Bank, both of which are mooted IPO candidates, as well as chipmakers and online travel....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...Xi will then travel to Serbia and Hungary. This week’s newsworthy rate setters are the Bank of England and, to a lesser extent, the Reserve Bank of Australia....
...Airbnb said its service accounted “for a small fraction of total visitors to Europe”, representing just 4 per cent of total travellers to Venice, for example....
Furious backlash after friendly match highlights risks to Florida football team of relying on a single star
...When Airbnb first appeared in Greece, I eagerly listed my apartment, acting as a free concierge so my guests could experience the spots I loved....
UK gambling group names Eminence Capital boss to board weeks after exit of its chief executive
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