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Friday 11 December, 2020
TOP STORY
Airbnb valuation skyrockets to $100bn post-IPO
Airbnb's valuation surged to circa US$100 billion and share prices jumped to $154 after the company went public via its long-awaited IPO on Thursday.
If you missed our last newsletter....
1. IHM to dissect Airbnb IPO on bonus webinar [11 December]
2. Accor launches Apartments & Villas website
3. Rental revenues halved, $35bn loss in 2020
4. Join our LinkedIn group here
5. Airbnb announces NYE plan to protect public health
Editor's comment
11•12•20 Welcome to the latest ShortTermRentalz newsletter!
• Airbnb's public float via an IPO is a watershed moment not just for the short-term rental industry but indeed for the whole travel sector, having reached a valuation of US$100 billion [starting at $47 billion] and share prices soaring to $154.
With vaccines being rolled out, investors have shown considerable faith in a company that was valued at $18 billion at the nadir of the pandemic and confidence in travel rebounding in 2021.
While we should expect some fluctuation, fuelled by market exuberance, and unprecedented investor enthusiasm, Airbnb has surged past competitors and has one of the strongest brands in travel, driven by a unique presence and offering, and customer loyalty.
The threat of growing regulation, scrutiny and concerns over local housing affordability may also fuel Airbnb’s ambitions to diversify into more verticals such as hotels and transportation.
Furthermore, the IPO establishes Airbnb’s juggernaut position and paves the way for the company to shape itself as the go-to, holistic travel portal which will provide an end-to-end service for travellers.
• Following the success of our 2020 webinar series, I am delighted to announce that RockSTRz will return for its second series in early 2021, beginning with a session on "Guest wellness, wellbeing and safety protocols on and off property" on Tuesday 2 February [4pm GMT].
If you would like to be considered to take part as a speaker, please contact me directly at paul@internationalhospitality.media.
• Last week, we also 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.
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.
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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.
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