|Bid||1,623.60 x N/A|
|Ask||1,628.40 x N/A|
|Day's Range||1,608.80 - 1,612.00|
|52 Week Range||1,402.90 - 1,866.85|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||18.22|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Airbnb Inc. is expanding into “adventure tourism,” offering travelers the chance to search for UFOs in Arizona or track lions on foot with Samburu guides in Kenya, as the room-rental company seeks to broaden its business in advance of an initial public offering likely next year.The company’s latest foray into tourism, called Airbnb Adventures, will start with more than 200 global activities. The offering is an extension of its tour service Airbnb Experiences, which the company started in 2016. Adventures will offer more elaborate multiday trips, where hosts act as tour guides, arranging itineraries, accommodation, meals and costs for as many as 12 people at a time, the company said Thursday in a statement.Airbnb is striving to diversify its business in the lead-up to an IPO that may come in 2020. It has recently vowed to become an end-to-end travel platform, offering hotel booking, tours and potentially even flights on top of its traditional home-share business.The San Francisco-based company began in 2008 by persuading millions of people to open up their homes to strangers. Now valued at $31 billion, it has more than 6 million listings worldwide, including its recent expansion into luxury real estate when it took over 10 floors of Rockefeller Plaza in New York.Airbnb said the price of its new Adventure program can vary from $79 for an overnight stay to $5,000 for a 10-day trip.Airbnb is among the companies vying for a share of the international adventure travel market, which the Adventure Travel Trade Association valued at almost $700 billion in 2017. Booking Holdings Inc. launched Booking Experiences in the U.S. in 2018 and startups like GetYourGuide GmbH, Vayable Inc. and Peek Travel Inc. have also raised venture capital for their own tour-booking websites and applications.However, Airbnb Adventures are exclusive to the platform and can’t be found on any other major booking site, the company said.To contact the reporter on this story: Olivia Carville in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Online travel booking site Nustay A/S has filed a complaint to the European Union’s antitrust regulator, claiming Expedia Group Inc. and Booking Holdings Inc. are trying to “kill off” the startup for offering lower prices and punishing hotels that appear on its site.The Danish company said the online travel giants were in breach of competition rules by trying to maintain “artificially high price levels” for hotel rooms -- thereby potentially trying to keep their commissions high -- by preventing Nustay from offering lower prices.Founded in 2014, Nustay advertises rooms booked at a block rate, as well as direct on-demand booking, in a bid to provide customers cheaper offers than often appear on rival sites. The Danish website also charges low commissions, resulting in better prices for customers but the same earnings for hotels, it says.Nustay said Expedia and Booking.com downgraded hotels in their search rankings if a hotel’s prices were lower on a competing website, harming the hotels’ ability to land bookings. Hotels, in turn, are pressuring Nustay to raise prices so they wouldn’t lose more business on Booking and Expedia, it added.The European Commission said it had received Nustay’s complaint and was assessing it. Booking and Expedia didn’t respond to requests for comment.“We really have the possibility to give a better product to the consumers at a lower price, but we are seeing a tremendous effort from Expedia and Booking.com to kill us before we even get a chance to get a foothold, “ Nustay Chief Executive Officer Mathias Lundoe Nielsen said in an interview, adding they decided to file the complaint to try to get fair terms and “show how big of a problem it actually is.”The company said its visibility online increased rapidly last fall when Alphabet Inc.’s Google started including Nustay’s cheaper offers in its hotel search, alongside Booking and Expedia’s offerings.That development also triggered complaints from more than a thousand hotels, who urged Nustay to increase their prices, after being pressured by Expedia and Booking, Lundoe Nielsen said. Some of the hotels complained they were losing so much business from Booking or Expedia, and because Nustay doesn’t represent a large part of its business, they just wanted Nustay to increase the price to appease the online travel giants, he said.In one email exchange between a European hotel and Nustay and seen by Bloomberg, the owner said “we have been contacted by both of our partners Expedia and Booking.com, they both have asked us to contact the ones that are not in line with the prices we communicate.”Another hotel says “I am being penalized by Booking.com and Expedia because you are selling bedrooms at my properties cheaper than they are able to,” according to another email exchange.Expedia also directly urged Nustay to raise their prices in Google search, before it terminated a partnership about three months ago with the company as part of which it sold it some inventory, Lundoe Nielsen said.A Europe-wide antitrust crackdown in recent years saw Booking roll back some clauses obliging hotels to offer their best price to the site. European competition agencies flagged concerns about online bookings in a 2017 report. It said large hotel chains expected the biggest online travel sites to keep on growing, meaning any new rivals to them would face “significant difficulties.”Booking and Expedia have, in turn, urged the EU to probe how Google shows their sites in local and travel search results. Margrethe Vestager, the EU’s antitrust chief, has said she’s looking at Google’s local search.Online hotel booking sites are also being reviewed by Japanese authorities In the U.S., Expedia is under investigation in Utah for allegedly conspiring with the biggest U.S. hotel chains to manipulate search advertising on Google.(Updates with European Commission comment in fifth paragraph.)\--With assistance from Aoife White.To contact the reporter on this story: Natalia Drozdiak in Brussels at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org;Peter Chapman at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Yanolja's gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalise on the globalisation of a novel approach to short-stay accommodation, its chief executive told Reuters. The budget hotel and online booking platform operator reached the valuation having secured $180 million from U.S. peer Booking Holdings Inc and Singapore sovereign wealth fund GIC Pte Ltd, Yanolja confirmed on Tuesday. It aims to conduct an initial public offering (IPO) as early as next year, CEO Kim Jong-yoon said in an earlier interview.
Booking Jumped after Goldman Said Stock Is Likely to OutperformBooking stock gainedBooking Holdings (BKNG) stock jumped ~6% on June 4 after Goldman Sachs (GS) put it on a list of 12 stocks that are likely to outperform the broader market in spite of
IBM Wants to Transform Senior Homes with Vehicle Technology(Continued from Prior Part)Court rejects IBM’s patent infringement claimIBM’s (IBM) attempt to pin a patent infringement blame on Booking Holdings (BKNG) has suffered a blow. According a
Citi says Booking Holdings (NASDAQ: BKNG ) is looking more accomodating. The Analyst Citi analyst Mark May upgraded Booking Holdings from Neutral to Buy and raised his price target from $1,800 to $2,100. ...
BMO downgraded Chipotle to underperform from market perform UBS lowered its price target on Apple to $225 from $235 Mizuho downgraded Qualcomm to neutral from buy J.P. Morgan upgraded Target to overweight ...
John Wroughton Brown's appointment as CEO of online travel agency Agoda last June came with a mandate from parent company Booking Holdings to grow the brand outside of Asia. Agoda has tapped its non-hotel accommodations as a way to spearhead that growth. Over the past year, the online travel agency has ratcheted up the marketing […]The post Skift Forum Asia: Agoda's CEO Touts Homesharing for That Competitive Edge appeared first on Skift.
For the past nine years, our primary goal with the Ultimate Stock-Pickers concept has been to uncover investment ideas that reflect the most recent transactions of our grouping of top investment managers in a timely enough manner for investors to get some value from them. In cross-checking the most current valuation work and opinions of Morningstar's own cadre of equity analysts against the actions of some of the best equity portfolio managers in the business, we hope to uncover a few good ideas each quarter that investors can dig into a bit deeper to see if they warrant further action. With all but one of Ultimate Stock-Pickers having reported their holdings for the first quarter of 2019, we now have a good sense of which stocks piqued their interest during the period.
Expedia shares appear attractive, trading at a meaningful discount to our $183 fair value estimate. Amazon has had several travel-related pilots in the past. While Amazon has not disclosed the reasons for not moving forward with that travel initiative, we believe it is in part due to the significant time and cost needed to aggregate and service supplier relationships, which is what OTAs Booking and Expedia have developed over the past 20 years.
So why would Amazon choose to reenter the travel industry through a seemingly loss-generating proposition, hawking already low-margin airline tickets via a Cleartrip partnership in the domestic Indian market? It sounds crazy, but Skift Research believes that airline tickets are a sensible entry point for a new Amazon foray into travel. Flights is a fairly […]The post Skift Analysis: Amazon's Travel Strategy Comes Into Focus appeared first on Skift.
After years of hype, Uber's IPO opened at the low end of its range, and didn't do much more than that.
Aiming to change that, Google will launch a more unified travel product to integrate flight and hotel search functions, while organizing people’s travel plans and saving research. Alphabet Inc.’s Google also plans to “surface” more travel data on Google Maps, and incorporate hotel and restaurant reservations for customers who are logged on. Google made the announcement Tuesday at a marketing conference in San Francisco.
David Gardner and his guests talk about some of the investments that provided them with their best non-monetary takeaways.
Bill Smead, value investor and founder of Smead Capital Management, established two positions and disposed to two positions in the first quarter, his Smead Value Fund (Trades, Portfolio) reported last week. Warning! GuruFocus has detected 2 Warning Sign with GSHD. During the first quarter, Smead selected Cummins Inc. (CMI) and Booking Holding Inc. (BKNG) as new holdings.