What Does the Airbnb Guidance Drop Say About Travel Demand?
Friday, 2 June 2023, 20:35:11
Digital lodging platform Airbnb Inc. (NASDAQ: ABNB ) disappointed investors with its outlook for Q2 2023. The popular disruptor and innovator of BnB travel bookings have had gravity-defying growth and earnings throughout the weakening economy. It was a prime example of consumers shifting their discretionary spending towards services like Airbnb over goods like apparel. Airbnb is one of the major benefactors of the positive normalization of the travel and leisure industry in the post-pandemic era. Other travel and leisure booking platforms, including Expedia Group Inc. (NASDAQ: EXPE ) , TripAdvisor (NASDAQ: TRIP ), and Booking Holdings Inc. (NASDAQ: BKNG ), have been benefactors in the travel recovery. The pent-up demand for leisure and vacation travel and lodging continues to drive spending even as other industries have been facing negative normalization after 2021 peaks. Falling ADR Concerning However, high inflation appears to be revealing some kinks in the armor for Airbnb as it lowered its forecasts for Q2 2023 revenues.
3 Sizzling Growth Stocks to Buy for 2023’s Second Half
Wednesday, 31 May 2023, 14:00:27
As we enter the final month of the first half of the year, investors’ focus is on the next six months and beyond. As a result, you might be on the hunt for the best growth stocks for the second half of 2023. The headline promises sizzling stocks to buy now, but what precisely is the definition of “sizzling”? Is it stocks whose share prices have jumped by double-digit percentages year to date? Or is it companies that analysts believe will grow revenue and/or profits by double digits over the next year or two? Everybody’s definition is different. To come up with my list of sizzling stocks to buy now, I’ve found three companies in the S&P Composite 1500 whose share price is up by more than 10% YTD and whose revenue and/or earnings are forecast to increase by double-digit percentages this year and preferably next year as well. Below are three high-potential stocks for the second half of the year. MAR Marriott International $169.09 SWAV Shockwave Medical $276.14 BKNG Booking Holdings $2,528.77 Marriott International (MAR) Source: DELBO ANDREA / Shutterstock Marriott International (NASDAQ: MAR ) is up 13.6% YTD, outpacing the S&P 500’s 9.5% advance.
Tourists turn up Plumstead family home after Booking.com blunder
Tuesday, 30 May 2023, 13:21:51
Karin Arsenius had had visitors from all over the world turn up at her home expecting to stay the night
— Evening Standard
7 Consumer Stocks to Avoid Like the Plague Right Now
Tuesday, 30 May 2023, 13:00:26
As we stare down the possibility of a recession, it’s time to consider which consumer stocks to sell. Americans are now being thriftier than they have over the past year. Consumers are trading down and that is putting pressure on the U.S. economy which is heavily dependent on consumer spending. In turn, that has created a class of consumer stocks to sell at all costs . Consumers remained about as pessimistic in April as they were in March regarding the overall economy. And in March consumer spending declined for the first time in two years. That indicates that consumers are now far more cautious than they were before. The inflationary environment poses a real threat to Americans and the stocks that depend on strong American consumer trends. If you’re holding any of these consumer stocks to sell, it’s time to think about getting out. Home Depot (HD) Source: Rob Wilson / Shutterstock.com Home Depot (NYSE: HD ) executives have rung the alarm bell. Spending on home improvements has cooled drastically in 2023 and Home Depot management warned that annual sales will decline in 2023 .
‘Airbnb is our wealthy man’: A booking scam left a TikTok star stranded in Italy until Airbnb intervened to put her group up in a luxurious Mediterranean villa
Friday, 26 May 2023, 18:32:59
TikToker Alix Earle and her friends became stranded in Italy after booking scam. Her complaint video received over 6 million views in just days, and Airbnb stepped in to help. Airbnb is now receiving praise and criticism for responding so quickly and putting the group in a Positano villa. When TikToker Alix Earle and her friends were left stranded after booking an Italian villa that turned out not to exist, she said Airbnb stepped in to save the day. On Tuesday, Earle posted a video informing her over five million followers that she and her friends had fallen prey to a scam after booking a fake villa in Positano, Italy . One day and 5.5 million views later, the group of about 10 women are spending their European vacation in a villa overlooking the Mediterranean Sea thanks to Airbnb. @alixearle THIS IS NOT REAL LIFE. Omg thank you @airbnb for coming to the rescue #positano #airbnb #italy #girlstrip ♬ original sound – alix earle “babes we got you. our people are calling you now,” the Airbnb TikTok account commented under Earle”s video.
— Business Insider Nederlands
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