updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Airbnb stock price crashed as the company shared a cautious stand for the second quarter. However, Airbnb sees a strong demand boost during the summer season ahead.
On Tuesday, May 9, Airbnb Inc (NASDAQ: ABNB), the online marketplace for homestays, reported results for Q1 2023, with a minor beat on revenue and a miss on bookings.
For the first quarter, the company reported earnings-per-share (EPS) of 18 cents against 9 cents. Furthermore, it also reported a revenue of $1.82 billion, 20% up year over year. From a loss of $19 million in the year-earlier period, Airbnb swung into a net profit of $117 million.
In the shareholder letter, Airbnb said that it has been a “strong start” to the year and the company is looking for a “strong summer travel season”. Airbnb’s revenue from the nights and experiences booked stood at $121.1 million against the actual $122.4 million. Speaking on this development, the shareholders’ letter reads:
“Nights and Experiences Booked grew 19% in Q1 2023 compared to a year ago. Even with continued macroeconomic uncertainties, we have seen our highest number of active bookers, demonstrating both loyalty from our returning guests and a growing base of first-time bookers. Our current backlog of nights is approximately 25% stronger than a year ago.”
Airbnb is currently under pressure since its rival players – Expedia (EXPE) and Booking Holdings (BKNG), reported strong results last week.
To counter this strong competition, Airbnb is also looking to increase its host supply. The shareholder letter reads: “Traveling on Airbnb is mainstream. We want hosting to be just as popular. To achieve this, we are raising awareness around hosting, making it easier to get started, and providing even better tools for Hosts.”
Despite the strong Q1 2023 numbers beating revenue estimates and EPS, the Airbnb stock price tanked by more than 13% in the pre-market hours. This is because the company gave cautious guidance for the current quarter stating that second-quarter comparisons would be tough.
As per the forecast shared by Airbnb, the company is expecting the second-quarter revenue to be anywhere between $2.35 billion and $2.45 billion. As per the analysts’ expectations, the revenue should be around $2.42 billion. However, Airbnb stated that it will be focusing on three strategic priorities:
However, the company is optimistic about the summer travel season ahead. Online travel demand has recovered fully after the COVID-19 pandemic. “In 2023, we have pulled forward the timing of marketing spend to be more heavily weighted in the first half of the year as compared to 2022. In addition, we are increasing our brand marketing investment in more countries around the world. We believe spending earlier in the year helps to support the peak summer travel season,” the company said.
Furthermore, Airbnb also stated that it plans to integrate AI features such as GPT-4 within the next year and so where companies can expect some “big changes”.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
https://www.youtube.com/watch?v=ofGyJGfywWg
AIRBNB WILL ACCEPT SHIB AS PAYMENT METHOD! 
SHIBA PRICE PREDICTION– video made by the YouTube channel with the logo in the video’s upper left hand corner. OaklandNewsNow.com is the original blog post for this type of video-blog content.
SHIBA INU COIN WONDERFUL NEWS AIRBNB WILL ACCEPT SHIB AS PAYMENT METHOD! SHIBA PRICE PREDICTION …
via IFTTT
Note from Zennie62Media and OaklandNewsNow.com : this video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018. This is a major part of Zennie62Media , Inc.’s new and innovative approach to the production of news media. What we call “The Third Wave of Media”. The uploaded video is from a YouTube channel. When the YouTube video search for “Shiba Inu News” uploads a video it is automatically uploaded to and formatted automatically at the Oakland News Now site and Zennie62-created and owned social media pages. The overall objective here, on top of our is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours – is the use of the existing YouTube social graph on any subject in the World. Now, news is reported with a smartphone and also by promoting current content on YouTube: no heavy and expensive cameras or even a laptop are necessary, or having a camera crew to shoot what is already on YouTube. The secondary objective is faster, and very inexpensive media content news production and distribution. We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners.
The leading online marketplace for lodging which provides home stays for vacation rentals, along with tourism activities – Airbnb may soon be incorporating crypto into its business model. The latest tweet from Airbnb CEO, Brian Chesky determined that the company could potentially start accepting crypto payments in 2022. Chesky noted that “crypto payments” ranked no.1 out of approximately 4000 suggestions for Airbnb on possible developments this year.
Got 4,000 suggestions. Here are the top 6:
1 – Crypto payments (top suggestion)
2 – Clear pricing displays
3 – Guest loyalty program
4 – Updated cleaning fees
5 – More long-term stays & discounts
6 – Better customer serviceAlready working on most, will look into others now! https://t.co/rxEM4BXZci
— Brian Chesky (@bchesky) January 5, 2022
Brian Chesky highlighted that the company has already begun work on most of these suggestions including “Crypto payments” which will be “inclusive of a variety of token ideas”, i.e., they may add various crypto tokens as payment option.
While Airbnb and several other commercial giants may or may not be serious towards incorporation of crypto payments, yet such speculations lead to considerable engagement on social media because of the crypto community. Furthermore, leading names in the commercial sphere that have put their words to action regarding crypto incorporation have experienced financial growth as well as substantial community support.
The largest movie theatre chain in the United States, AMC recently confirmed another addition to their crypto payment option with the listing of trending meme token, Shiba Inu ($SHIB). Following the same, AMC now allows the use of Shiba Inu for online crypto payments for movie tickets and concessions. Additionally, the franchise also offers crypto payments using Bitcoin ($BTC), Ether($ETH), Litecoin ($LTC), and Dogecoin ($DOGE), and have future plan to extend its decentralised reach into the Non-Fungible Token (NFT) arena as well. AMC CEO is also gravitating towards launching the company’s own private crypto after enjoying eminent financial success from the addition of crypto payments.
“I can confirm today that we have been exploring with third parties over the past few months both how we can accept cryptocurrency and if it is feasible for AMC to consider even launching our own cryptocurrency…Similarly, I can confirm to you today that we are now in conversation with multiple major Hollywood studios about the concept of joint venturing commemorative NFTs related to major film titles that show in our theaters.”
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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The Dtravel platform will be powered by the TRVL token and facilitate cryptocurrency payments.
Travel booking platform Travala announced yesterday it was launching a decentralised platform for home-sharing which will provide an alternative to Airbnb. The platform will be called Dtravel and enable users to pay with cryptocurrency, as well as traditional methods, for short and long-term stays.
The team behind Dtravel comprises former executives from global technology companies including Airbnb and Expedia. The project raised $5 million in a seed round backed by NGC Ventures, Kenetic Capital, AU21 Capital, Future Perfect Ventures and others.
The current model of the home-sharing economy is marred by centralised control, high fees, limited payment options and lower levels of trust. These are all issues which Dtravel aims to solve.
Travala’s CEO and Co-founder, Juan Otero, explained, “Traditional home sharing platforms are aligned with their users in the early stages, but over time this changes. With the need to return profits to shareholders, home-sharing platforms are forced to extract as much as possible from transactions on their platforms. Dtravel meets the needs of the home-sharing community first and forever. It’s easy-to-use, highly secure, and optimized for the next generation of hosts and guests looking to take back control of their travel experience.”
The Dtravel Decentralised Autonomous Organisation (DAO) gives control back to the community by enabling them to govern the platform. The introduction of decentralised finance (DeFi) blockchain technology and smart contracts also creates better trust between guests and hosts.
The platform will have its own token, TRVL, which can be used to book stays, govern the platform and qualify for rewards through staking. TRVL will soon be available on both Ethereum and Binance Smart Chain, and more than $35 million in TRVL is up for grabs for the first 100,000 hosts to register.
TRVL aims to align the interests of Dtravel users, who can also earn extra revenue from referrals and participating in troubleshooting, community forums and user support. Guests can pay for their stays with various cryptocurrencies and fees are 7.5%, compared with up to 20% charged by similar centralised platforms. Hosts can also enjoy up to $1 million in damage protection and public liability insurance.
Future Perfect Ventures Founding Partner, Jalak Jobanputra, added, “With travel starting to rebound and a record level of interest in blockchain technologies like cryptocurrencies, Dtravel gives eager people what has been missing to date: control and ownership over their own travel experiences.”
