After two years of lockdowns, it's fair to say Airbnb customers have unleashed - and it shows in Airbnb's record revenue.
👉Background: Airbnb started 14 years ago in sunny California. Since then it has grown to achieve around $6B in annual revenue, and has over 6,000 employees.
👉 What happened: After two years of lockdowns, it’s fair to say Airbnb customers have unleashed. Over the last quarter, it created records for:
👉 What else: Although Airbnb reckons the strong US dollar, and rising inflation could become a unique opportunity for them, investors reckon these are 🚩.
💡Smart companies look to capitalise on an inflationary environment, but it won’t mean investors will buy the grand vision.
💡Airbnb reckons these tough times could actually be good for the business because it may encourage homeowners to rent out rooms to make some extra money.
💡But investors reckon those same financial pressures will probably discourage consumers from luxury spending - on holidays and exotic Airbnbs. So the rising cost of living may actually hurt Airbnb and its revenue for the upcoming quarter.
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