Airbnb Joins Marriott And Booking With Its Latest Results Showing Travel Demand Is Going Strong
Portfolio Pulse from Upwallstreet
Airbnb, Marriott, and Booking have all reported strong Q3 results, indicating a robust demand for travel. Airbnb's revenue grew 18% YoY to $3.40 billion, but its Q4 guidance fell short of estimates, causing a 3% drop in shares. Marriott reported 6-8% growth in revenue per available room globally, with a net income of $752 million. Booking's Q3 revenue grew 21% to $7.3 billion, despite a slowdown due to the Israeli-Hamas conflict.
November 08, 2023 | 4:55 pm
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NEGATIVE IMPACT
Airbnb's Q3 revenue exceeded estimates but its Q4 guidance fell short, causing a 3% drop in shares.
Airbnb's lower than expected Q4 guidance could lead to a short-term negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Booking's Q3 revenue grew 21% to $7.3 billion, despite a slowdown due to the Israeli-Hamas conflict.
Booking's strong Q3 results could lead to a short-term positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Marriott reported strong Q3 results with 6-8% growth in revenue per available room globally.
Marriott's strong Q3 results could lead to a short-term positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100