ΔΙΕΘΝΗΣ ΕΛΛΗΝΙΚΗ ΗΛΕΚΤΡΟΝΙΚΗ ΕΦΗΜΕΡΙΔΑ ΠΟΙΚΙΛΗΣ ΥΛΗΣ - ΕΔΡΑ: ΑΘΗΝΑ

Ει βούλει καλώς ακούειν, μάθε καλώς λέγειν, μαθών δε καλώς λέγειν, πειρώ καλώς πράττειν, και ούτω καρπώση το καλώς ακούειν. (Επίκτητος)

(Αν θέλεις να σε επαινούν, μάθε πρώτα να λες καλά λόγια, και αφού μάθεις να λες καλά λόγια, να κάνεις καλές πράξεις, και τότε θα ακούς καλά λόγια για εσένα).

Τρίτη 9 Μαρτίου 2021

Airbnb stock up by 23% in 2021, trading at more than two times its IPO price

Since the company’s IPO in December 2020, Airbnb’s share price has rallied remarkably. It is trading at $177.90 per share as of March 4, 2021, marking a 22.77% increase year-to-date (YTD). The figure was more than 2.5 times its IPO price of $68 per share.

Based on data from Tourism Economics, travel spending in the US declined by 42% in 2020 to $679 billion. Though it has bounced back to some extent, it remains below pre-pandemic levels.

Airbnb Bookings Recovered to 70% of Pre-Pandemic Levels in January 2021
According to the research data analyzed and published by Finaria, in tandem with its share price growth, Airbnb also saw its market value soar to $110.71 billion as of March 4, 2021. That was higher than the market value of rivals Expedia ($20B), Booking Holdings ($93B) and TripAdvisor ($5B).

Since its 2008 launch, Airbnb has generated approximately $110 billion for the hosts using its platform. Its revenue grew fourfold between 2015 and 2019, going from $919 million to $4.8 billion. As of April 2020, its bookings were down by 72% YoY.

But by June 2020, domestic reservations had more than doubled to reach 80% according to The Economist. Stays within 200 miles from home accounted for 56% of bookings, up from 31%. By the end of January 2021, bookings had recovered to 70% of pre-pandemic levels.

Based on its estimates, Airbnb has a total addressable market of $3.4 trillion. Its gross booking value in 2019 was $38 billion, equivalent to 1% of its total potential. However, at $177 per share and $111 billion valuation, the company is trading at approximately 31 times its consensus 2021 revenue.

Airbnb’s sales are projected to increase by 37% in 2021. By comparison, Expedia’s revenue is set to soar by 50% in 2021 and 35% in 2022. At its $23 billion valuations, Expedia is trading at thrice its projected 2021 revenue.


Tags: AirbnbTourism Economics