Global Scans · Airbnb · Weekly Summary

• Starting at the end of April, Airbnb will no longer allow hosts to have security cameras inside their rental properties, citing a commitment to prioritizing guest privacy. Wired
• In less developed markets, especially in Asia, Airbnb sees growth potential and less chances of legislation hampering their ability to add hosts and grab bookings. Hospitality Net
• Vacant property taxes, levies and annual caps will be considered when the New South Wales government reviews regulation of short-term rentals including Airbnbs over the next six months. The Guardian
• More listings while demand slows might mean lower nightly rates, but even if Airbnb prices do come down, there's no indication Airbnbs will ever return to being the cheaper, cozier alternative to hotels. Vox
• CFI used the photography and hotel industries as examples, with Kodak being forced by competitors to adopt digital photography despite having the opportunity to lead, and Airbnb shaking up the lodging industry with an innovative new model. Skilled Nursing News
• As the travel industry acknowledges its impact on the environment, Airbnb will take steps to ensure its operations are more eco-friendly. Employment Security Commission
• From virtual reality tours of accommodations to smart home features that allow guests to control appliances with their smartphones, Airbnb will embrace technology to elevate the overall experience for both hosts and guests. Employment Security Commission
• The reason for the P/E assumption is because Airbnb is expected to grow at an EPS CAGR of 23% over the next 3 years, surpassing peers within the travel industry. Seeking Alpha
• A levy on bookings through platforms like Airbnb has the potential to raise more than $30 million a year to house people without homes, but ending the housing crisis will require billions, not millions, in new investment. Council to Homeless Persons website
• Airbnb's transformation amidst the COVID-19 pandemic exemplifies the power of adaptive leadership in navigating challenges, identifying new opportunities, and fostering resilience. Entrepreneur
• The accommodation rental giant Airbnb has revealed data on the habits of travellers in New Zealand and overseas, as bookings are expected to exceed pre-pandemic numbers. NZ Herald
• The financial site analyzed booking costs for more than 32,000 listings in 102 Airbnb markets across the United States and found that for summer 2023 Airbnb bookings, consumers will have to pay an average of 36% in added fees on top of the nightly rates. SmarterTravel
• Consumers paying more for food, gas and housing - and facing predictions of recession - will cut back on discretionary spending like travel, hurting Airbnb. Insurance Journal
• Airbnb owners and guests could face sanctions if properties are used as party houses under a drive to stamp out anti-social behaviour. The Telegraph
• With a vast majority choosing homestay options such as Airbnb, or house swapping as an alternative to considerably reduce accommodation expenses, there are now new economic opportunities. TechNode Global
• An Ifop survey finds that nearly 20% of people in the greater Paris region that do not already rent their home through Airbnb plan to do so during 2024's Olympic Games in the French capital. Tax Policy Center
• Since the beginning of the year, Airbnb has already seen an increase in share price which is anticipated to continue in the coming months, reaching $141.27. IG
• Airbnb has halted all new bookings in both countries, and will prevent users in Russia and Belarus from making reservations. Forbes
• With inflation and fears of recession looming over consumers across many of its key markets, Airbnb has grappled in recent years with claims that its platform had grown more expensive. Business Matters
• Multibillion dollar online platforms such as Uber, Lyft and Airbnb have already been a disruptive force in many industries. International Rental News
• A survey of average nightly rental rate for homes in New Mexico listed on short-term rental platforms such as Airbnb could be up to $220 per night. New Mexico Municipal League
• Outside of Big Tech, travel and transportation companies like Airbnb, Booking Holdings and Uber stand to benefit from AI tools that can improve and target search, protect against fraud, predict demand and increase customer loyalty. CNBC

Last updated: 14 April 2024