Airbnb files IPO in face of profitability challenges

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Date
2020-11-17
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Volume Title
Publisher
Hotel News Now
Abstract

However, there are also concerns about IPOs. This is because investors, like other unicorn companies, will start monitoring the actual situation of the company after the disclosure. Also, the income of the travel industry has decreased dramatically since the Pandemics. Other obstacles include the emergence of similar short-term rental platforms, local laws and regulations, and competition with traditional hotel chains. However, Airbnb has been preparing in advance to prevent other unicorn companies from going through post-publicity trials, and even in the pandemic, people eventually knew they wanted to travel, so they could find new demand for getting away from short distances.

Description
Keywords
airbnb, short term rental, hotel, IPO, unicorns
Citation