Wednesday, February 15, 2023
North America

Airbnb Has Its First Profitable Year

  • Airbnb definitely got a better response from investors on their 4Q earnings report than traditional lodging analysts.
  • Choice Hotels continued the parade with 4Q revenue and EBITDA comfortably above estimates with the Radisson acquisition helping with that.
  • STR reported U.S. lodging data for the week ended 2/11. RevPAR was up 18.9% year over year.

The DJIA rose 39 points, Nasdaq was up 110, the S&P 500 rose 11 points and the 10-year treasury yield continued the march to 4%, up another .05 to 3.81%. Lodging stocks were somewhat mixed, but the gainers got all the attention. They were paced by a 13% rise for Airbnb and 9% gains for Vacasa and Sonder. Membership Collective (Soho House) was the only […]