
Yesterday’s higher stocks close indicates that the US economy is holding up amid the Fed’s interest rate hike agenda.
Online community marketplace for people to list, discover, and book accommodations around the world.
Airbnb, Inc. is an online marketplace for arranging or offering lodging, primarily homestays, or tourism experiences. The company does not own any of the real estate listings, nor does it host events; it acts as a broker, receiving commissions from each booking. The company is based in San Francisco, California, United States.
The company was conceived after its founders put an air mattress in their living room, effectively turning their apartment into a bed and breakfast, in order to offset the high cost of rent in San Francisco; Airbnb is a shortened version of its original name, AirBedandBreakfast.com.
Lodging, Hospitality
Yesterday’s higher stocks close indicates that the US economy is holding up amid the Fed’s interest rate hike agenda.
In the earnings report, Airbnb noted that net revenue in Q4 2022 rose from $55 million in Q4 2021 to $319 million.
The TRIP stock came under pressure as the company flagged a slowdown in revenue for Q4. for the ongoing quarter, TripAdvisor expects the revenue to rise in the low-single-digit range from 2019.