Airbnb drives short-term rental boom in tourist haven Rio [Yahoo! Finance]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Yahoo! Finance
In Rio's Ipanema neighborhood, there is now one Airbnb listing for every seven homes, a Reuters analysis of Airbnb data collected by analytics firm AirDNA showed. Since 2019, the oceanfront neighborhood made famous by the bossa nova classic "Girl from Ipanema" has seen a 24% rise in listings, in line with neighboring tourist hot spot Copacabana. The surge has changed Rio's rental landscape, sparking tensions in condo associations, bringing fresh competition for hotels and creating businessmen like Muzy, who charge apartment owners fees of 20% to 30% to manage their short-term rentals. Like many, Muzy started small, renting his own Copacabana apartment, but saw an opportunity when neighbors asked him to manage theirs too. His rental-management firm SuhcasaCopacabana employs 17 people and has accumulated around 5 million reais ($916,136.83) in reservations in the last 12 months. "We basically double in size every year," he said about the number of listings his firm handles. M
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News
- Airbnb offering free temporary housing to displaced Hurricane Helene survivors [USA TODAY]USA TODAY
- Declining Stock and Solid Fundamentals: Is The Market Wrong About Airbnb, Inc. (NASDAQ:ABNB)? [Yahoo! Finance]Yahoo! Finance
- Airbnb drives short-term rental boom in tourist haven Rio de Janeiro [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Airbnb, Inc. (ABNB): Navigating Travel Trends Amid Market Concerns [Yahoo! Finance Canada]Yahoo! Finance Canada
- Airbnb, Inc. (ABNB): Navigating Travel Trends Amid Market Concerns [Yahoo! Finance]Yahoo! Finance
ABNB
Earnings
- 8/6/24 - Miss
ABNB
Sec Filings
- 10/4/24 - Form 144
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- ABNB's page on the SEC website