Articles tagged “airbnb”

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Expedia Close to Selling a Potential $1 Billion Stake to Private Equity to Help Shore Up Finances

Expedia Close to Selling a Potential $1 Billion Stake to Private Equity to Help Shore Up Finances

Dennis Schaal, Skift

Two private equity firms are likely taking a minority stake in Expedia Group at very attractive terms — for the investors. There will be a flood of these types of deals inside the travel industry — and outside it, as well.

1 month ago

The Long View Guest This Week: Airbnb CEO Brian Chesky on Critical Challenges Ahead

The Long View Guest This Week: Airbnb CEO Brian Chesky on Critical Challenges Ahead

Rafat Ali, Skift

What does the changed world of travel look like ahead, according to Airbnb CEO Brian Chesky, and what is his and the company's role in it? I will dig in with him this Friday at 3 p.m. ET, in this livestream.

1 month ago

The Great Travel Industry Recovery Debate and 12 Other Coronavirus Stories This Week

The Great Travel Industry Recovery Debate and 12 Other Coronavirus Stories This Week

Dennis Schaal, Skift

Bear or bull? There are diverging options about an economic recovery and McKinsey covered various scenarios. In other coronavirus stories this week, Booking Holdings applied for UK and Netherlands government relief, the U.S. travel industry has a wish list for the next relief package, cruise lines appear ready to defy a no-sail order, and hospitality students see the job market disappear.

1 month ago

Airbnb CEO Brian Chesky Was Actively Working on Going Public When Bookings Dried Up

Airbnb CEO Brian Chesky Was Actively Working on Going Public When Bookings Dried Up

Dennis Schaal, Skift

Airbnb's Chesky undoubtably still has that S-1 document in a laptop somewhere. With the pandemic lowering Airbnb's valuation by billions, that document will need a total rewrite. And with all that's going on in the world, it's difficult to even contemplate an eventual public listing right now.

1 month ago

Is Booking in Better Shape for a Recovery Than Airbnb and Expedia?

Is Booking in Better Shape for a Recovery Than Airbnb and Expedia?

Dennis Schaal, Skift

The battle between Booking Holdings, Airbnb, and Expedia is not just about which one will emerge with the thickest wad of cash. It is also about business models, revenue stream diversity, and product offerings meshing the best with traveler behavior that may never be the same.

1 month ago

Travel Marketing Post-Crisis and 11 Other Coronavirus Travel Stories This Week

Travel Marketing Post-Crisis and 11 Other Coronavirus Travel Stories This Week

Dennis Schaal, Skift

In our coronavirus in travel coverage this week, marketers will have to throw out the playbook post-crisis, Booking Holdings mulled dire financial scenarios, a devalued Airbnb secured new financing at unattractive terms, Flight Centre closed 800 travel agencies, and Carnival Corp. took a controversial investment from the Saudi government.

1 month ago

The Bull Case for Airbnb’s Future From Here On

The Bull Case for Airbnb’s Future From Here On

Om Malik, Skift

Airbnb opened up the mainstream travelers to a whole new way to travel. That is an achievement no one can take away from them. Even in these bad times, it has a chance to build out its bigger promise here.

2 months ago

Airbnb Blocks Bookings in UK Except for Key Workers

Airbnb Blocks Bookings in UK Except for Key Workers

Alistair Smout, Reuters

By taking action at the urging of UK's tourism minister, Airbnb has rightly been forced to assume responsibility for the bad behavior of its hosts.

2 months ago

Airbnb’s Valuation Almost Halved to $18 Billion

Airbnb’s Valuation Almost Halved to $18 Billion

Dennis Schaal, Skift

Love it or hate it, you can hardly blame Airbnb for a deflated valuation, although not all of the plunge is coronavirus-related. The pain that is infecting travel and other companies at this moment is boundless.

2 months ago

Airbnb Grabs $1 Billion Investment From Silver Lake and Sixth Street Partners

Airbnb Grabs $1 Billion Investment From Silver Lake and Sixth Street Partners

Dennis Schaal, Skift

Silver Lake and Sixth Street likely got a very attractive deal in exchange for their investment.

2 months ago

Airbnb Hosts Express Despair Over Policies and Pandemic That Shut Them Down

Airbnb Hosts Express Despair Over Policies and Pandemic That Shut Them Down

Rupert Neate Wealth, The Guardian

It's tough to find winners in Airbnb's coronavirus crisis. Many hosts are gravely wounded, and some early Airbnb employees start seeing the right to exercise their stock start expiring in November.

2 months ago

American Airlines’ Big Decision and 11 Other Coronavirus Travel Stories This Week

American Airlines’ Big Decision and 11 Other Coronavirus Travel Stories This Week

Dennis Schaal, Skift

In our coronavirus coverage this week, American Airlines slashes international routes for the summer, indicating it doesn't think demand will come back any time in the short-run. Plus, Airbnb CEO apologizes to hosts in the form of a $260 million relief package. And Booking Holdings CEO Glenn Fogel is the first high-profile travel CEO to disclose he has contracted coronavirus.

2 months ago