Spirit AeroSystems on Wednesday unveiled an agreement with Boeing under which the beleaguered supplier will receive immediate funding from the planemaker and revised prices for 737 and 787 production, sending its shares up 22%.
04.10.2023 - 17:15 / skift.com / Srividya Kalyanaraman / Long
Is Airbnb CEO Brian Chesky hinting at long-term rentals when he said to expect what could be “the biggest update to Airbnb ever?”
Chesky told The Financial Times, Airbnb will venture beyond its core travel business. Starting next year, the online rental platform will expand into longer-term housing rentals and enhance its experiences and services offerings like “dining pop-ups.” He added, “there’s an eventual opportunity for Airbnb to become a greater part of your daily life. Not just once or twice a year.”
The Airbnb CEO believes that there’s an untapped market for rentals lasting up to a year, citing the shift towards remote work and extended stays. While only 18% of gross nights booked in the second quarter of this year were for stays longer than 30 days, Chesky sees great potential in extended stays.
This strategic shift comes as Airbnb faces scrutiny from regulators globally over its impact on housing availability in major cities. New York recently introduced rules restricting short-term rentals, but Chesky doesn’t consider it a precedent, emphasizing potential win-win solutions. Airbnb’s future plans also include exploring car rentals and dining experiences, he told The Financial Times, recognizing that a car is often a person’s second most significant asset after their home.
Spirit AeroSystems on Wednesday unveiled an agreement with Boeing under which the beleaguered supplier will receive immediate funding from the planemaker and revised prices for 737 and 787 production, sending its shares up 22%.
The answer to the question “Which is doing better – hotels or short-term rentals?” is “depends on whom you ask and when.”
There have been plenty of headlines in the past few days about a lawsuit against an Airbnb guest in Brentwood, California, who has allegedly overstayed her reservation, which ended on March 19, 2022 —without paying rent for more than a year-and-a half.
Good morning from Skift. It’s Wednesday, October 11. Here’s what you need to know about the business of travel today.
Telluride, Colorado, is lifting its moratorium on new short-term rental licenses and introducing a $857 annual per-bedroom regulatory fee for property owners who rent to vacationers. This move is aimed at boosting revenue for housing initiatives and alleviating housing shortages.
The Craiglist listing for a “charming 1-bedroom” in New York City’s East Village captured the moment, calling the short-term rental an “Airbnb alternative.”
Holiday tradition usually dictates staying home for a large gathering with the extended family. But celebrating away can be an exciting prospect. You might not think it, but spending the holidays somewhere else can be much less stressful than hosting or staying with relatives. A vacation rental provides a neutral territory and a much-needed break from your normal holiday routine. All you need to do is to choose a festive place to go. A good place to start is with the country’s most popular Christmas cities. New York City, Santa Claus, Williamsburg, Park City, and Santa Barbara are the most sought-after destinations in the US for the holidays, and these are the best family-friendly Christmas Airbnbs perfect for a Yuletide gathering.
Florence banned short-term rentals in its historic center, guests spent over 150 million nights in short-term rentals this summer in Europe, and its cities fear overtourism.
Airbnb CEO Brian Chesky last week discussed the hot topic of cleaning fees, primarily as it relates to the short-term rental company’s plans to move toward upfront pricing.
eTraveli Group was left at the altar last week when the European Commission blocked its acquisition by Booking Holdings on antitrust grounds. Booking is appealing, but eTraveli CEO Mathias Hedlund said the $1.8 billion deal would be “no longer in play.” “We are a bigger fish now than we were at the time,” Hedlund said in an exclusive interview with Skift, referring to when the company signed the merger deal in November 2021. He said eTraveli is 2.4 times larger than before the pandemic.
Airbnb CEO Brian Chesky says that visiting — and living in — New York City will be more expensive after the Big Apple passed new regulations for booking vacation rentals.
Good morning from Skift. It’s Tuesday, October 3. Here’s what you need to know about the business of travel today.