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Monday 7 December, 2020
TOP STORY
Airbnb aiming for $42 billion valuation in bumper IPO this Thursday
Airbnb is aiming for a $42 billion valuation when it goes public at 2:30 pm GMT on Thursday - sign up to our bonus webinar on Friday 11 December [2pm GMT] assessing the IPO's impact on hospitality here.
If you missed our last newsletter....
1. Shortyz 2021 entries platform goes live
2. Airbnb hopes to raise $2.5bn in mid-December IPO
3. Myfriendlyhost.com launches travel app
4. Join our LinkedIn group here
5. AB Apartment Barcelona transitions to mid-term stays
Editor's comment
07•12•20 Welcome to the latest ShortTermRentalz newsletter!
• International Hospitality Media [IHM], the publisher of ShortTermRentalz, will host a bonus webinar on Friday 11 December [2pm GMT] dissecting the impact of Airbnb's IPO on hospitality, just 24 hours after the home-sharing platform is scheduled to finally go public.
Friday's session - entitled "Airbnb IPO - what does it mean for hospitality?" - will be hosted by IHM editor-in-chief George Sell, who will be joined by:
• Katherine Doggrell, editor-in-chief, EMEA, Questex Hospitality Group and author of Checking Out - what the rise of the sharing economy means for the future of the hotel industry.
• Andrew McConnell, CEO, Rented.com
• Sascha Hausmann, partner at HOWZAT ennea Group
Discover:
• Why Airbnb is going public now
• How Airbnb has been trading during the crisis
• What are the biggest risks for Airbnb and its investors
• What are the broader implications for hotels and serviced apartments.
• The future outlook for hospitality
Sign up for this "of the moment" bonus webinar here.
Airbnb is set to start trading publicly on the Nasdaq Global Select Market at 2.30 pm GMT this coming Thursday [10 December], cementing itself in the top five largest IPOs of the year. The company is also planning to increase the price range of the IPO up to $56-$60 per share, which could push its post-offering valuation up to as much as $42 billion, and raise up to $3 billion in the process.
The significance of this IPO stretches far beyond Airbnb itself: it promises to be a barometer of how the whole travel industry will fare in 2021 after a tumultuous 12 months. The rollout of effective Covid-19 vaccines will be pivotal to informing investor confidence in Airbnb to deliver healthy profits, but in a wider sense, investors will also be assessing whether travellers will revert to their pre-pandemic consumer behaviour or if the lockdowns and health crises have engendered a permanent shift in travel attitudes.
I explored how Airbnb's IPO would intensify scrutiny on the short-term rental industry in my 2021 predictions piece on Friday - read our exclusive forecasts here.
• Last week, we opened up the entry period for The Shortyz 2021, ahead of our second awards ceremony on 22 April 2021. Submit entries for as many of our 18 awards as you wish through our Award Force platform here - the deadline for entry submissions will be Sunday 21 February 2021 at 23:59 GMT.
Send over any questions you have on the awards, categories or entries process and I will answer them in a video piece to go live later this week.
If you have a story you want us to tell the industry, please click here or contact me at my email below.
Paul Stevens, editor
paul@internationalhospitality.media
For more information and sponsorship / advertising opportunities, please get in touch with us.
OUR EVENTS
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International Hospitality Media is the premier specialist in online publishing; conference, exhibition and events, and advisory services for niche growth sectors of the hospitality industry. The company publishes three industry-leading b2b websites - BoutiqueHotelNews.com and ServicedApartmentNews.com and ShortTermRentalz.com which keep their respective sectors up to speed with news, comment and opinion.
Our conference experience spans four continents and covers high growth segments including boutique, lifestyle and hybrid hotels, serviced apartments / aparthotels and extended stay, and vacation rental. Our events are renowned for their intense focus and attract quality industry leaders, brands and independents, providing unparalleled networking and learning opportunities. We also organise bespoke educational events and investor breakfasts to bring owners, operators and investors together.
'Providing an inspirational community to connect people through world class online platforms and events'
© 2020 International Hospitality Media. All Rights Reserved.
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