Read on Twitter
1) Airbnb - Understanding the investment case $ABNB
Airbnb is an online marketplace which lets people rent out their properties or spare rooms to guests.
Thread >
Airbnb is an online marketplace which lets people rent out their properties or spare rooms to guests.
Thread >
2) Airbnb takes care of all the paperwork and technology related to hosting guests. Every Airbnb host has access to Airbnbs world class cloud platform. The platform offers seamless, pricing, scheduling, payments, community support, host protections and reviews.
3) Guest find superior value from what they can find at hotels. Guests can feel more at home as spaces on Airbnb have all the amenities of a place you can call home, such as living rooms, kitchens, and backyards.
4) Guests can stay in unique spaces. Airbnb offers more unique homes than any other platform of its kind, and the majority of listings, from igloos to treehouses, and castles to boats, are only available on Airbnb.
5) Innovative and agile at its core - In a matter of two weeks, airbnb created online experiences as a response to the global pandemic. https://www.airbnb.com/s/experiences/online
6) Little need to advertise in order to generate traffic - In 2020 91% of all traffic to Airbnb is coming through direct or unpaid channels during the nine months ended September 30, 2020.
7) Strong growth, but hit by pandemic - 2019 GBV of $38B growth of 29% from $29.4B in 2018
Revenue of $4.8 billion, representing growth of 32% from $3.7 billion in 2018
Revenue is down 39% yoy to 2.5B in 2020 in the first 9 months.
Revenue of $4.8 billion, representing growth of 32% from $3.7 billion in 2018
Revenue is down 39% yoy to 2.5B in 2020 in the first 9 months.
8) Little regulation risk - Unlike Uber, very few major cities have yet to write some kind of rules for Airbnb hosts to follow.
9) To summarize, i agree with @profgalloway in concluding that Airbnb has the biggest moat in all of travel. With more than 7 million listings worldwide Airbnb has already won the space, and no competitor is even close.
