BTIG Analyst Says Airbnb Plans To Increase Guest Fees On Cross-Currency Transactions Starting In Apr.
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst reports that Airbnb is set to raise guest fees on cross-currency transactions beginning in April. This change could affect the booking costs for users who are paying in a different currency than the listing's price.
January 26, 2024 | 7:27 pm
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Airbnb's decision to increase guest fees on cross-currency transactions may lead to higher revenue per booking, but could also potentially deter cost-sensitive customers.
While the increase in fees could lead to higher revenue per booking for Airbnb, it's uncertain how this will affect overall demand. There's a risk that higher fees could deter some users, especially those sensitive to price changes. The net impact on Airbnb's stock price in the short term is likely to be neutral as the market assesses the balance between potential revenue growth and customer retention.
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