Airbnb Inc. is set to increase fees for certain types of bookings, specifically targeting international guests and cross-currency transactions. The company announced that it will raise the host fee by an additional 2% for international guests, which effectively brings the total host fee to 5%. Additionally, Airbnb plans to increase the guest service fee by 1.5% to 2% for cross-currency bookings, a move that comes as part of its strategy to expand into more international markets and boost growth. This fee adjustment could see the total guest service fee reach up to 16.5%. These changes are slated to start on April 1. The announcement of the fee increases coincides with a notable performance in Airbnb's stock, which experienced a value breakout and closed up 5.28% to $149.62, approaching a new 52-week high. Early #13F data for Q4 indicates that 222 institutional investors have increased their shares in Airbnb by approximately 18%, following a 14% increase in Q3. In their Q3 earnings call, Airbnb disclosed that cross-border trips represented 45% of their nights booked, and it is estimated that 42% of nights could be affected by the new fee structure.
$ABNB Institutional investors are bullish on the stock as early #13F data for Q4 shows. 222 institutional holders reported a ~18% increase in shares held by them as of 12/31. In the Q3 institutional investors increased stakes by 14%.👇🏼(see big jump in shares held by inst.… https://t.co/WJLS73VpXb https://t.co/nvsk3284E6
$ABNB had a great day, closed up 5.28% to $149.62 today. It needs another up day like today to set a new 52Wk Hi. The only news that I could find relevant is that Bloomberg reported "Airbnb Adds Currency Conversion Fee in International Push". 👇🏼 It said "Starting April 1, an…
Today @Airbnb announced its planning to increase the guest service fee by 1.5% to 2% for cross-currency bookings https://t.co/3syEJbjDVy In their Q3 earnings call they disclosed that cross-boarder trips represented 45% of their nights booked. We estimate that 42% of nights…
$ABNB Airbnb adds a new fee. 💸 Up to 2% fee for cross-currency payments. 📈 Total guest service fee could reach 16.5%. 🔍 Part of Airbnb's push into global markets. 🗺️ Could boost LATAM & APAC revenue. 🗓️ Starting April 1. Here's a look at the latest quarter. https://t.co/r6f308dXKx
And 150.93 hit $abnb https://t.co/4WmiPHKqLZ
explains the $ABNB move here https://t.co/iNDsHsXKg6
Airbnb is planning to increase the guest service fee for cross-currency bookings as the vacation-rental company pushes into more international markets to boost growth https://t.co/tLc1KwTmKm via @technology
Airbnb is planning to increase the guest service fee for cross-currency bookings as the vacation-rental company pushes into more international markets to boost growth https://t.co/KVSVMqEPMn
BREAKING 🚨 Airbnb raising its fees charged to host for certain types of bookings Taking international guests at your Airbnb means a fee increase! An additional 2% from the gross effectively is 5% total host fee. We are moving into non-nominal impact and nightly rates will… https://t.co/XgUbCq3hk2
$ABNB been quiet all year but monthly value breakout today w/ strength https://t.co/PZjkfoeskR