Airbnb, Inc.Long
$ABNB
An essential aspect of Airbnb's business is that the company does not own or operate any rental properties. Similar to eBay, it creates the platform and manages the interactions between hosts and guests. The asset-light business model has the potential for excellent profit margins because there is no need to pay for building or maintaining expensive structures like hotels or resorts. Moreover, Airbnb can hire customer service staff in low-cost parts of the world to support guests staying at properties in high-cost areas like Los Angeles.
The coronavirus pandemic caused Airbnb's revenue to fall by 29.7% in fiscal 2020. Before the outbreak, Airbnb increased revenue by 42.6% and 31.6% in 2018 and 2019, respectively. Overall revenue was highest in 2019, where it totaled $4.8 billion. Still, management feels that's just the tip of the iceberg. It estimates Airbnb's total addressable market at around $3.4 trillion.
To put that figure into context, Statista estimates the worldwide hotel and resort market peaked at $1.47 trillion in 2019. It seems management's estimate of its total addressable market may be on the optimistic side.
Airbnb I’ve been very bullish on before it even went public.
It has a slight rough start to the year but it seems to have found its step.
It had a clear double bottom on the daily and now is following a nice upwards trend and is now currently sitting at support
Implying, if Airbnb is able to hold these prices we could see this continue it’s way up and with earnings around the corner it would be very interesting to see what happens from here.
MACD flat.
RSI below 50.
Watchlist this.
Factor Four
The coronavirus pandemic caused Airbnb's revenue to fall by 29.7% in fiscal 2020. Before the outbreak, Airbnb increased revenue by 42.6% and 31.6% in 2018 and 2019, respectively. Overall revenue was highest in 2019, where it totaled $4.8 billion. Still, management feels that's just the tip of the iceberg. It estimates Airbnb's total addressable market at around $3.4 trillion.
To put that figure into context, Statista estimates the worldwide hotel and resort market peaked at $1.47 trillion in 2019. It seems management's estimate of its total addressable market may be on the optimistic side.
Airbnb I’ve been very bullish on before it even went public.
It has a slight rough start to the year but it seems to have found its step.
It had a clear double bottom on the daily and now is following a nice upwards trend and is now currently sitting at support
Implying, if Airbnb is able to hold these prices we could see this continue it’s way up and with earnings around the corner it would be very interesting to see what happens from here.
MACD flat.
RSI below 50.
Watchlist this.
Factor Four
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