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Airbnb announces confidential submission of draft Registration Statement

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Re: Airbnb announces confidential submission of draft Registration Statement

#21

I heard that Airbnb's business is actually stronger in US and Europe now than pre-pandemic, as tourism shifts towards local and people shy away from hotels. On the other hand, they're still in money saving mode, reducing ad spending and laying people off. Anyone know what is going on?

There aren't further layoffs, this information is inaccurate.

Re: Airbnb announces confidential submission of draft Registration Statement

#22

I heard that Airbnb's business is actually stronger in US and Europe now than pre-pandemic, as tourism shifts towards local and people shy away from hotels. On the other hand, they're still in money saving mode, reducing ad spending and laying people off. Anyone know what is going on?

IBM lawsuit

Wow, I didn't hear about this. How sad that IBM is now a patent troll.

Re: Airbnb announces confidential submission of draft Registration Statement

#23

I heard that Airbnb's business is actually stronger in US and Europe now than pre-pandemic, as tourism shifts towards local and people shy away from hotels. On the other hand, they're still in money saving mode, reducing ad spending and laying people off. Anyone know what is going on?

From knowledge of the travel industry: 1. Hotels are still in the dumps. 2. Single home rentals, a la VRBO and AirBnB, are doing fantastic as people decamp from urban areas and work remotely. 3. Urban rentals are in the shitter. 4. Shared spaces are also in the shitter. AirBnB has a lot more urban inventory and shared spaces than for example VRBO (which was always more based around vacation destinations), but I have…

I think you're overall on the money here, but I would probably be a bit more cautious on #3 (at least private units). Some of the managed rental providers that focus on urban markets seem to be doing OK. Sonder raised a new round in June[1], albeit after laying off part of their workforce.

1: https://shorttermrentalz.com/news/sonder-series-e-round-june...

Re: Airbnb announces confidential submission of draft Registration Statement

#24

I'm upset, after using the platform for a decade, that they remove negative reviews of properties. I learned this recently. That included some of my very tame and reasonable reviews. Makes me want to short the stock when it IPOs, after its initial run-up out of vengeance.

That's bad, because your life can be in the hands of your AirBnb host. https://medium.com/matter/living-and-dying-on-airbnb-6bff8d6... https://www.huffpost.com/entry/a-death-at-an-airbnb-rental-p...

There are going to be legitimate reasons for removing a review like bad writing, personal information, or foul language, but the net effect is making the listing appear better than it is, and that doesn't sit well with me.

Re: Airbnb announces confidential submission of draft Registration Statement

#25

I heard that Airbnb's business is actually stronger in US and Europe now than pre-pandemic, as tourism shifts towards local and people shy away from hotels. On the other hand, they're still in money saving mode, reducing ad spending and laying people off. Anyone know what is going on?

I live in a very touristic neighborhood in Lisbon and several of the apartments in my building are rented full time through AirBnB & friends and it's definitely still a lot quieter than pre-covid, and we're in August when there should be tourists everywhere.

It's only one datapoint of course but from this very limited perspective it seems very hard for me to believe that their business would be stronger now than pre-covid.

But hotels are probably suffering even more, that's true.

Re: Airbnb announces confidential submission of draft Registration Statement

#26

Am I the only one who is super eager for them to go public so that I can short them?

I'm super eager for the opposite reason: I want to go long. In 3 years people's travel habits will mostly be back to normal, and AirBnb has a very strong competitive moat

Re: Airbnb announces confidential submission of draft Registration Statement

#29

I heard that Airbnb's business is actually stronger in US and Europe now than pre-pandemic, as tourism shifts towards local and people shy away from hotels. On the other hand, they're still in money saving mode, reducing ad spending and laying people off. Anyone know what is going on?

The timing is certainly interesting...

Presuming Airbnb makes it through the crisis, they're set up for many quarters of blistering earnings "growth" as things return to normal.

Re: Airbnb announces confidential submission of draft Registration Statement

#30

I'm upset, after using the platform for a decade, that they remove negative reviews of properties. I learned this recently. That included some of my very tame and reasonable reviews. Makes me want to short the stock when it IPOs, after its initial run-up out of vengeance.

That's bad, because your life can be in the hands of your AirBnb host. https://medium.com/matter/living-and-dying-on-airbnb-6bff8d6... https://www.huffpost.com/entry/a-death-at-an-airbnb-rental-p... There are going to be legitimate reasons for removing a review like bad writing, personal information, or foul language, but the net effect is making the listing appear better than it is, and that doesn't sit well with me…

There's a subreddit where the hosts tell each other how to remove reviews (the main airbnb one). One hint is any mention of location. Other than that, anything you can prove inaccurate is grounds for Airbnb to support the host and do that for them.

I used to have 5 star experiences and my last few were pretty negative, ranging from disgusting, to bad locations (not allowed to criticize location in reviews so you'll never know), to a toilet which required pushing things with brush. And more expensive than hotels.

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