Airbnb’s Strong Q3, Sonder Collapses, and Instacart Tests STR Market
Summary
This week's roundup highlights Airbnb's strong financial performance, Sonder's bankruptcy, and Instacart's new partnership with Airbnb. Hosts should take note of the evolving market and consider how they can capitalize on opportunities like Instacart's grocery delivery service or the potential in rural Spanish markets.
Key Insights
- •Airbnb reported a 10 percent year-over-year increase in revenue and more than $2 billion in adjusted EBITDA, showing strong growth.
- •Kansas City approved temporary 90-day permits for STRs during major events with a lower registration fee.
- •Airbnb is shifting its focus to rural destinations in Spain, investing roughly $50 million over the next three years.
Action Items
- ✓Consider how you can integrate the new Instacart grocery delivery service into your guest experience.Effort: lowImpact: medium
- ✓If you operate in Kansas City, research the specifics of the new temporary permit process to ensure compliance.Effort: lowImpact: medium
Watch Out For
- ⚠Hosts in Kansas City who fail to obtain the correct permits during major events risk fines and penalties.
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