South Africa

The DJIA fell 370 points on the second day of the Fed reaction. Nasdaq was down another 245, the S&P 500 was down 72 points and the best sign of displeasure was in the 10-year yield, jumping .13 to 4.48%. Lodging stocks were lower. SOND’s reverse split is already having the expected effect, down another -10% nearly to another all-time low. Interested in […]

This is not a story of “Airbnbust,” but instead we’re talking about a correction of the “Airbnboom” that has taken place since the highs of the pandemic. In its latest report, data company KeyData found that the U.S. short-term rental market saw a revenue (RevPAR) drop of 17%.  During June, July, and August, analysts observed […]

Welcome back, it’s a brand new day to talk about junk fees — as discussed on TikTok. A viral video posted by a comedian scoffs at short-term rentals and sometimes-exorbitant “host fees.” In his TikTok video, comedian Jesse Martin highlights how a $172 per night charge results in a total price of $972 for two […]