{"id":11491,"date":"2024-05-12T08:00:08","date_gmt":"2024-05-12T05:00:08","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=11491"},"modified":"2024-05-12T08:00:08","modified_gmt":"2024-05-12T05:00:08","slug":"airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=11491","title":{"rendered":"Airbnb slumps as gloomy forecast fans slowdown fears"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><strong>Airbnb shares tumbled more than 6 per cent earlier this week after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the shine off a strong quarterly profit beat.<\/strong><\/p>\n<div class=\"cypru-video-ads\" id=\"cypru-691455605\">\n<div id=\"cypru-1461405764\" data-cypru-trackid=\"478051\" data-cypru-trackbid=\"1\" class=\"cypru-target\">\n<div id=\"gpt-ad-1229028916603-0\">\n<\/div>\n<\/div>\n<\/div>\n<p>The Easter holiday occurring in the first quarter rather than the second and currency-exchange impacts were partly to blame for Airbnb projecting current-quarter revenue below lofty Wall Street estimates.<br \/>\nIt also forecast the growth rate of room nights booked would be relatively flat on a sequential basis, but the company\u2019s average daily rate is expected to be modestly higher year-over-year.<br \/>\nModerating leisure travel demand in the US has also been a concern for investors.<br \/>\n\u201cAirbnb failed to deliver a beat\/raise on nights, which we believe was necessary to ease concerns about slowing growth and risk of downside to consensus estimates for accelerating growth in (the second half of 2024 and in 2025),\u201d Jefferies analysts said.<br \/>\nAccording to BTIG analysts, Airbnb\u2019s forecast implied nights booked of about 125 million to 127 million in the second quarter. That compared with consensus estimates of 129.2 million, LSEG data showed.<br \/>\n\u201cWhile Airbnb topped the Q1 guide, it was shy of more aggressive buyside expectations in the quarter and the Q2 outlook,\u201d BTIG\u2019s Jake Fuller wrote in a client note.<br \/>\nStill, some analysts noted the slump in shares was stemming from undue investor concern.<br \/>\n\u201cWe think the pullback is an overreaction to weaker second-quarter guidance \u2026 the outlook for 2024 is relatively unchanged, in our view,\u201d said Morningstar analyst Dan Wasiolek.<br \/>\nShares of Airbnb, which have gained 16 per cent so far this year through last close, were at $148.21 by 1356 GMT on Thursday. They were trading about 33.31 times their forward profit estimates, compared with Booking Holdings\u2019 (BKNG.O) 19.40 multiple.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airbnb shares fell more than 6% due to weak forecasts for the second quarter, with concerns about slowing growth at the vacation rental firm. The company projected lower revenue for the current quarter, with a relatively flat growth rate of room nights booked. Investors were worried about moderating leisure travel demand in the US. Despite the slump in shares, some analysts believe the pullback is an overreaction and that the outlook for 2024 remains relatively unchanged.<\/p>\n","protected":false},"author":3,"featured_media":11492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[9417,2577,3832,3,2369,4893,4166,8452,4818,6626,8903,9645,250,3330,3767,7544,2133,3404,3331,635,2247,9496,6468,5612,4054,3798,5671,1182,380,257,255],"class_list":["post-11491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-airbnb","tag-concerns","tag-currency","tag-cyprus","tag-data","tag-demand","tag-easter","tag-easter-holiday","tag-expectations","tag-fans","tag-follow","tag-forecasts","tag-google","tag-google-news","tag-growth","tag-growth-rate","tag-holiday","tag-investors","tag-news","tag-our-view","tag-profit","tag-quarterly","tag-rental","tag-revenue","tag-risk","tag-shares","tag-stemming","tag-travel","tag-us","tag-vacation","tag-wall-street"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Airbnb slumps as gloomy forecast fans slowdown fears<\/title>\n<meta name=\"description\" content=\"revenue forecast. Airbnb, forecasts, growth\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Airbnb slumps as gloomy forecast fans slowdown fears\" \/>\n<meta property=\"og:description\" content=\"revenue forecast. Airbnb, forecasts, growth\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ch.jfdi.cc\/?p=11491\" \/>\n<meta property=\"og:site_name\" content=\"ch.jfdi.cc\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-12T05:00:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1018\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cyprus Mail\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cyprus Mail\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491\"},\"author\":{\"name\":\"Cyprus Mail\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\"},\"headline\":\"Airbnb slumps as gloomy forecast fans slowdown fears\",\"datePublished\":\"2024-05-12T05:00:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491\"},\"wordCount\":296,\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg\",\"keywords\":[\"airbnb\",\"concerns\",\"currency\",\"Cyprus\",\"data\",\"demand\",\"easter\",\"Easter holiday\",\"expectations\",\"fans\",\"Follow\",\"forecasts\",\"Google\",\"Google News\",\"growth\",\"growth rate\",\"holiday\",\"investors\",\"news\",\"Our View\",\"profit\",\"quarterly\",\"rental\",\"revenue\",\"risk\",\"shares\",\"stemming\",\"travel\",\"US\",\"vacation\",\"Wall Street\"],\"articleSection\":[\"Other\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491\",\"name\":\"Airbnb slumps as gloomy forecast fans slowdown fears\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg\",\"datePublished\":\"2024-05-12T05:00:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\"},\"description\":\"revenue forecast. Airbnb, forecasts, growth\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491#primaryimage\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg\",\"contentUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg\",\"width\":1018,\"height\":667,\"caption\":\"Airbnb slumps as gloomy forecast fans slowdown fears\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=11491#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/ch.jfdi.cc\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Airbnb slumps as gloomy forecast fans slowdown fears\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/\",\"name\":\"ch.jfdi.cc\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ch.jfdi.cc\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\",\"name\":\"Cyprus Mail\",\"sameAs\":[\"https:\\\/\\\/cyprus-mail.com\\\/\"],\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Airbnb slumps as gloomy forecast fans slowdown fears","description":"revenue forecast. Airbnb, forecasts, growth","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Airbnb slumps as gloomy forecast fans slowdown fears","og_description":"revenue forecast. Airbnb, forecasts, growth","og_url":"https:\/\/ch.jfdi.cc\/?p=11491","og_site_name":"ch.jfdi.cc","article_published_time":"2024-05-12T05:00:08+00:00","og_image":[{"width":1018,"height":667,"url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg","type":"image\/jpeg"}],"author":"Cyprus Mail","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Cyprus Mail","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ch.jfdi.cc\/?p=11491#article","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/?p=11491"},"author":{"name":"Cyprus Mail","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8"},"headline":"Airbnb slumps as gloomy forecast fans slowdown fears","datePublished":"2024-05-12T05:00:08+00:00","mainEntityOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=11491"},"wordCount":296,"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=11491#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg","keywords":["airbnb","concerns","currency","Cyprus","data","demand","easter","Easter holiday","expectations","fans","Follow","forecasts","Google","Google News","growth","growth rate","holiday","investors","news","Our View","profit","quarterly","rental","revenue","risk","shares","stemming","travel","US","vacation","Wall Street"],"articleSection":["Other"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/ch.jfdi.cc\/?p=11491","url":"https:\/\/ch.jfdi.cc\/?p=11491","name":"Airbnb slumps as gloomy forecast fans slowdown fears","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=11491#primaryimage"},"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=11491#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg","datePublished":"2024-05-12T05:00:08+00:00","author":{"@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8"},"description":"revenue forecast. Airbnb, forecasts, growth","breadcrumb":{"@id":"https:\/\/ch.jfdi.cc\/?p=11491#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ch.jfdi.cc\/?p=11491"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ch.jfdi.cc\/?p=11491#primaryimage","url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg","contentUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/airbnb-slumps-as-gloomy-forecast-fans-slowdown-fears.jpg","width":1018,"height":667,"caption":"Airbnb slumps as gloomy forecast fans slowdown fears"},{"@type":"BreadcrumbList","@id":"https:\/\/ch.jfdi.cc\/?p=11491#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ch.jfdi.cc\/"},{"@type":"ListItem","position":2,"name":"Airbnb slumps as gloomy forecast fans slowdown fears"}]},{"@type":"WebSite","@id":"https:\/\/ch.jfdi.cc\/#website","url":"https:\/\/ch.jfdi.cc\/","name":"ch.jfdi.cc","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ch.jfdi.cc\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8","name":"Cyprus Mail","sameAs":["https:\/\/cyprus-mail.com\/"],"url":"https:\/\/ch.jfdi.cc\/?author=3"}]}},"_links":{"self":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/11491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11491"}],"version-history":[{"count":0,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/11491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/media\/11492"}],"wp:attachment":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}