I upgrade Airbnb to 'Buy' with a $148 target, driven by its strategic expansion into services and experiences beyond accommodations. The redesigned app, launching in summer 2025, introduces new Homes, Experiences, and Services tabs to position ABNB as a holistic travel platform. I expect services and experiences to drive incremental bookings, potentially adding $1.5 billion in revenue and reviving growth above 10% YoY.
Zacks.com users have recently been watching Airbnb (ABNB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Roughly $2 billion looks set to be wiped from Airbnb Inc's (NASDAQ:ABNB, ETR:6Z1) market value as the company's shares are marked to open 2% lower, following a sweeping order from Spain to remove more than 65,000 holiday listings. The Spanish Consumer Rights Ministry said on Monday that 65,935 listings violated regulations, including failures to display valid licence numbers or clarify whether the host was a private individual or a company.
Airbnb has rolled out an extensive new effort to make services from professional chefs, local tour guides, celebrities and others available through its platform.
"Novelty is cool. It's exciting. I want to be new (and) fresh," Airbnb CEO Brian Chesky told AFP in Los Angeles, where he is presenting a new offering that could bring haircuts and other services into your holiday home.
Airbnb CEO Brian Chesky joins 'Squawk Box' to discuss the launch its redesigned app, the debut of services and experiences within the app, the company's remote work policy, and more.
Airbnb on Tuesday began letting users book in-home massages, chefs and personal trainers in an overhauled app as it continued to expand beyond being just a platform for short-term lodging.
As part of a broader app update, Airbnb on Tuesday introduced a new feature that allows travelers to book services and experiences, like getting a message, haircut, or chef-prepared meal, or taking part in some activity. These new offerings can be added to your stay, but they can also be booked independently, Airbnb says.
Zacks.com users have recently been watching Airbnb (ABNB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Airbnb has rolled out an artificial intelligence (AI) bot for customer service in the U.S. CEO Brian Chesky addressed the use of this tool during the company's recent first-quarter earnings call, TechCrunch reported Friday (May 2), saying that 50% of customers were already turning to the bot for customer service.
Airbnb's first-quarter 2025 results reflect strong growth in nights and experiences, and platform enhancements, driving solid performance despite market challenges.
Vacation rental platform Airbnb on Thursday forecast second-quarter revenue largely below Wall Street estimates and signaled softening demand in the U.S. as an erratic trade policy hammers consumer sentiment and sparks worries over growth.