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Travel Technology
For the best exit strategy, hold on for a couple of years until the market stabilizes. For the deal, buy now.
Justin Dawes | 2 months ago
News Blog
SoftBank Group has reportedly cut the valuation of Indian hotel-booking platform Oyo by more than 20 percent, Bloomberg reported on Thursday quoting people familiar with the matter. According to the report, the Japanese investor, who owns 45 percent of Oyo, cut its estimated value for initial public offering-bound Oyo to $2.7 billion in the June…
Peden Doma Bhutia | 4 months ago
Short-Term Rentals
Vacasa's market cap comeuppance in its first day of trading doesn't have huge significance. Are many private valuations inflated these days? For sure. But Vacasa's debut in a SPAC deal is a milestone for a bevy of startups seeking similar paths.
Dennis Schaal | 1 year ago
Airlines
Old school travel companies still largely dominate in terms of stock market valuation, but there is no denying the disruption sparked by Airbnb’s debut on the stock market.
Cameron Sperance | 1 year ago
Hotels
Airbnb is smart to focus on its core accommodations' business, if that is indeed what it is really doing. The company has time to deal with all of the other stuff, from flights to hotels and experiences, once a real-life travel recovery has a pulse.
Dennis Schaal, Skift | 2 years ago
Kudos to Airbnb for a dramatic comeback in its initial public offering. But the valuation, propelled by euphoric investors in a hot IPO market, was divorced from reality.
Airbnb's investors are pushing its bankers to get the market to accept a premium valuation — one that is higher than its $31 billion valuation in 2019, and the $18 billion mark at the height of the pandemic. But the question lingers: After the big public market payoff, then what? Is it sustainable?
Anirban Sen, Noor Zainab Hussain, Joshua Franklin and Chibuike Ogu, Reuters | 2 years ago
Coronavirus
Oyo and its founder have long been accused of being heavy on spin even though all acknowledge that the hotel chain has been a category creator. This interview is excellent because Agarwal faced tough questioning. We know a politician who would have walked out.
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.
Dennis Schaal, Skift | 3 years ago
Many of Airbnb's previous funding rounds were oversubscribed. But if Airbnb indeed taps new venture capital funding, it won't have trouble finding benefactors. Still, the company's valuation will be considerably lower than the prior $31 billion.