Airbnb is at 142.5.
According to my research Airbnb has the most organic visitors (around 70%) than any of it’s competitors. Airbnb’s tech and business model is very promising.
True that prices could fluctuate for some time, but I am thinking of buying and keeping it for next few years.
Any thoughts?
#personalfinance #investments
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For example: Miami recently. 1 month stay. Airbnb cost ~$2200 for a 1bedroom in Brickell. Any hotel was at least $200/day.
I’d love to circlejerk about “Airbnb bad, hotels good” but they just make more sense financially.
I love hotels for short trips with wife. But when the wife, kids, and dog and I are going on vacation for a week, we rent a luxury home (usually over $1000 a night). Just got back from Maui and paid $2,000 a night for 7 nights on a gorgeous serviced villa on the beach that came with a private chef.
Some of you guys clearly don’t know how to travel.
Consider this:
- Marriott has a market cap of 46B (largest chain) and revenue of 10B in 2020; 20B in 2019
- Airbnb has a market cap of 85B (almost double they made a loss of 1B), revenue was only 2.52B (25% of Marriott’s revenue and made a loss too)
Marriott own a lot of real estate too worldwide so assets are diversified
There is no logic to why Airbnb even after this dip is double the market cap of Marriott with 80% less revenue. With VRBo and other competitors coming up, the market share will go only reduce. Also, more recently I have found that Airbnb are not necessarily cheaper than hotels. Cleaning and service fee are killer
Anything starting from zero showing growth is natural progression.
The statement of Airbnb “way more valuable” has a lot of factors and variables to go in Airbnb’s favor but so far the stock price isn’t supported by numbers but emotions.
I don’t deny that It’s likely for Airbnb to 5x from here than Marriott to even 3x but that will unfortunately be fueled by “perception of value” than the true quantified business.
https://seekingalpha.com/article/4379588-airbnballer
Think about who is selling you the stocks you want to buy.
Why are they doing that? Why take your opposite side? What do they know more than you do? Did they come to a different conclusion then you did?
https://seekingalpha.com/article/4379588-airbnballer
Airbnb is excellent for long term stays but every single time I have searched for short term stays on Airbnb, I have been left really underwhelmed at price, quantity and quality of the inventory.
I fully expect Airbnb to do very well market cap wise but I cannot see a future where it is the biggest player in the leisure space.