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Airbnb has reached a settlement with its hometown after a long-standing dispute over how to regulate vacation and short-term rentals. The agreement was signed this morning to end the legal battles between Airbnb and other short-term rental companies with the City of San Francisco. In the settlement , the parties agreed to dismiss the legal challenges to San Francisco's short-term rental rules.
According to Airbnb representatives, there are 9,200 projected guest arrivals — a 128 percent increase compared to the same period last year — in greater Phoenix. The typical price for a booked night in Phoenix this weekend is $94, and in Glendale, where the games will be played at University of Phoenix Stadium, the average price is $110. The top origin cities for inbound guests are, in order: New York, Seattle, Portland, Chicago, Los Angeles, Phoenix, Denver, Tucson, Calgary, San Jose.
Expedia (EXPE) is higher Monday, helped by an upgrade from Macquarie. Analyst Tom White boosted his rating on the stock to Outperform from Neutral and raised his target price to $144 from $123. He writes ...