I really believe Airbnb's low drop compared to the other OTA's is based on the fact that their products are homes, apartments, self-catered accommodation, and not hotel rooms. Once people start feeling more and more confident with sharing spaces this might change... do you think this has to do with it?
Hi Gabriela. Thanks for your comment. Definitely this is a big part of the reason. People ended up booking Airbnb properties close to home, in locations where there was not necessarily a hotel infrastructure.
Thank you Marcos. Unless investors see these OTAs as better positioned for the future now vs pre-pandemic, i am somewhat puzzled by the strong recovery of their shares. Maybe it also has something to do with the fact that a large segment of the world's population that did not use to transact digitally before the pandemic, now does.
I really believe Airbnb's low drop compared to the other OTA's is based on the fact that their products are homes, apartments, self-catered accommodation, and not hotel rooms. Once people start feeling more and more confident with sharing spaces this might change... do you think this has to do with it?
Hi Gabriela. Thanks for your comment. Definitely this is a big part of the reason. People ended up booking Airbnb properties close to home, in locations where there was not necessarily a hotel infrastructure.
Awesome content as always!
Do you have any hypothesis for the market cap increase in despite of the drop in revenues and the whole covid scenario?
Thank you Marcos. Unless investors see these OTAs as better positioned for the future now vs pre-pandemic, i am somewhat puzzled by the strong recovery of their shares. Maybe it also has something to do with the fact that a large segment of the world's population that did not use to transact digitally before the pandemic, now does.