Thursday 7 January, 2021 TOP STORY Four weeks on: Wall Street analysts rate Airbnb stock US: Wall Street analysts are offering their opinions on Airbnb, almost a month after the company’s high profile IPO. If you missed our last newsletter....
1. Mandarin Oriental invests in rental firm Stay One Degree 2. Airbnb sets revised diversity goals 3. Santa Fe passes new short-term rental restrictions 4. Join our LinkedIn group here 5. US rentals suffer from lack of 'snowbird' business
Editor's comment
07•01•20 Welcome to the latest ShortTermRentalz newsletter!
• Happy new year to all our readers round the world. The early signs are that the first part of 2021 isn't going to see a huge lift in demand for travel and accommodation in most regions, but I am certain it is coming later in the year.
I was reminded of the phrase 'follow the money' when reviewing the most recent industry news, as it has been dominated by investment stories. There is a lot of smart money betting on the continued growth and success of the short-term rental sector, and quite a bit of it has been deployed in the last couple of weeks. We've seen property transactions, M&A activity, numerous private equity plays and the establishment of a multi-million dollar fund controlled by a black-owned PE firm.
And in something of a surprise to a lot of financial commentators, Airbnb's share price, coming up to a month from its astonishing IPO, is only a couple of cents lower as I write this than it was on the first day of trading - just before Christmas it even surged to $163 per share.
There hadn't been a huge amount of analysis from Wall Street until recently due to the timing of the IPO, but many have now had their say. Whether you agree with them or not, in these challenging times, the short-term rental space in general is set to rebound in a major way in Q2 2021 at best, H2 at worst, and we will be there every step of the way to bring you all the latest news and views.
• If you have a story you want us to tell the industry, please click here or contact me at my email below.
George Sell, editor-in-chief
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