Both Air B and B and Uber have found new investros because of their appealina recession<--- This is a big change in view- Airbnb could have a key advantage during the next recession ABNB +3.91% Inflation is starting to cool, according to data released Wednesday. But Minneapolis Fed President Neel Kashkari cautioned that day that a recession could still occur in the "near future," as Reuters reported. So, what companies are best prepared to weather a possible downturn? It might not be the companies you'd expect. Notably, Airbnb (ABNB) could be primed to weather a recession well, analysts and company watchers have told Yahoo Finance. That's counterintuitive because you'd think consumers might cut back on travel when money is tight. But experts point out that Airbnb can bolster consumers' incomes, which is an option homeowners are especially likely to explore if a recession hits. While the income Airbnb hosts generate varies substantially, the company said last year that the average annual earnings for hosts who had at least one guest was $9,600. "You've got to remember, if you take a step back, that the company was founded during the 2008-2009 financial crisis," analyst Jed Kelly of Oppenheimer told Yahoo Finance last week. "You would actually potentially see more people list their homes or their rental properties on Airbnb, increasing the supply, which should make volume all right." Benefits for both hosts and guests Some sector experts agree that, though Airbnb wouldn't be totally recession-proof, the company might hold up relatively well during a downturn. For instance, Luca Zambello, CEO and co-founder of hospitality tech company Jurny, agrees that there could be a massive spike in host supply if the economy sinks into a recession. If more consumers are listing their homes as Airbnbs, that increased supply could create more competition among rentals, generating lower costs for consumers. "The idea of listing your home or short-term rental property as a micro-entrepreneur is appealing today because it is incentivized for you to make some extra money," he told Yahoo Finance. "As more people feel the pressure of a mortgage with less income growth, they may turn to Airbnb as a side income source. Guests would benefit from lower prices if there were more availability on the market." Those lower prices would be a welcome development as Airbnb's rental rates have skyrocketed as travel demand has rebounded from its pandemic lows. Airbnb's average daily rate for the second quarter of 2022 was $164 — a steep 40% increase from the same period in 2019, before the pandemic. There are still possible downsides, but Airbnb's looking pretty solid While soaring rates might put off some travelers, M Science analyst Michael Erstad said Airbnb's latest round of earnings was fundamentally encouraging. "Things were pretty healthy," he told Yahoo Finance. Still, analysts have some lingering concerns with the company. While Airbnb reported solid results last week,meeting analysts' revenue expectations and slightly beating them on earnings per share, the number of bookings fell short of expectations. The number of nights and "experiences" (tours and events organized through Airbnb) booked came in at 103.7 million actual versus 106.1 million expected. If there's a dramatic recession, there's always the possibility that U.S. consumers might, in fact, cut back on travel. That happened during the last major downturn. As the Great Recession hit the economy starting in 2008, consumers' travel spending declined sharply, according to Bureau of Labor Statistics data published in 2012. Even by 2011, travel expenditures were still lower than their peak in 2007. However, if a recession should officially come to pass, history may not be destined to repeat itself this time. The reason is simple: COVID-19, which kept consumers homebound for so long. Even if money's tight, it's highly possible that consumers will continue to prioritize getting away and visiting family. There's evidence that people are spending money on travel even amid historically high inflation. Even though travel's been far from easy this summer, it's still where people are spending money. The U.S. Travel Association reported on Aug. 4 that travel spending had surpassed 2019 levels for the third straight month in June. "Global travel declined during the last recession, which would likely affect guest demand," said Zambello. "However, many speculate that the pandemic has created so much pent-up demand that people will continue to travel regardless." If we do land in a recession, how Airbnb fares will also be tied to how severe that downturn is, if it happens at all, Erstad added. “I generally buy into the narrative that if things get tougher for the consumer, some homeowners might think about renting out a vacation home they have never really wanted to rent out before," he said. "While it’s a bit hard to quantify, I can see some inventory coming online from that dynamic.”
You are getting so sloppy we recommended at $1.70 and sold at $2.50 + Sloppy + Desperate= not a good look for doubting Van. Edit* this may of been a stk I owned prior to talking about it on ET- it was along time ago- I just did a search and don't see my $1.70 entry but it was during Phastasma thread. We made good money.
DOUBTED DISNEY?!!! NO...I JUST "DOUBTED" THIS POST OF YOURS.... AND SAVED YOU FROM LOSING 100% OF YOUR MONEY. DIS Aug 2022 130.000 call OPR - OPR Delayed Price. Currency in USD Add to watchlist 0.0500+0.0100 (+25.00%) At close: 04:03PM EDT[/QUOTE] INSTEAD I GIVE YOU A FIVE BAGGER... AND YOU DON'T HAVE ENOUGH CONVICTION IN YOUR OWN BELIEF AND APPARENTLY MISSED IT. VZ SAVES THE CHILDREN FROM LOSING 100% AND GIVES THEM A 500% WINNER INSTEAD.
Van if you liked Dis why did you not say so when I asked yesterday? I would of added.// You give the impression when you doubt everything that you do not like. I happen to know you did like DIS but you called it a crowded trade.<--so it got negative again.
I can only search your posts on ET Stoney, but you were saying buy it at $2.50 and I warned you. THE READERS KNOW!
BECAUSE UNLIKE YOU, I DON'T TAKE GAMBLES OVER EARNINGS UNLESS I'M SURE. NOR DO I CONFUSE PEOPLE WITH 20 STOCKS PER DAY AND THEN CLAIM WINNERS A WEEK LATER WHEN ONE OR TWO RISE IN A MARKET THAT JUMPED 10% IN A MONTH. DISNEY FIZZLED OUT TODAY DIDN'T IT. NO ONE KNEW WHAT THEY WOULD REPORT. I DID HOWEVER SHARE THAT THEY HAD A TENDENCY HISTORICALLY TO GAP UP ON THE AUGUST ER.>>> RIGHT AGAIN! LOOK AT TWLIO FALL BTW CA-CHING!!! $85.70
A ways back I mentioned this set up-- it bares some repeating--- Look for a surprise Iran deal. Oil giants including Saudi Arabia will be boosted by a rise in European oil demand as Vladimir Putin shuts off the continent’s gas taps, experts have warned. World oil consumption is set to jump by 2.1m barrels a day this year as factories and power generators try to dodge rocketing gas prices, the International Energy Agency said. The Paris-based agency said this extra demand would be “overwhelmingly concentrated” in the Middle East and Europe. It warned the rise in oil demand would emerge against a backdrop of tighter supply, with Russia cutting down on production as the EU prepares sanctions on its oil. Experts said Russian oil production will drop by a fifth in the early months of next year as the bloc’s sanctions on imports kick in.<--- What I have been hearing is the US has a deal ready with Iran with 1 mil plus Iranian barrels a day coming online just in time to counter the Russian shortfall.
Naturally just when I have to feakin fly- Airlines cancel roughly 600 flights in U.S. Thursday, Reuters reports 11:52 ALK, LUV, DAL, JBLU, UAL, SAVE, AAL Airlines have canceled roughly 600 flights in the U.S. on Thursday after canceling hundreds of flights on Wednesday, as thunderstorms in Dallas impact operations at one of the nation's busiest hubs, Reuters' Nathan Gomes reports. A total of 1,213 were called off across the U.S. on Wednesday, the author notes. "This was the worst storm we've seen at DFW this summer," American Airlines (AAL) Chief Operating Officer David Seymour said. Other publicly traded companies in the space include Alaska Air (ALK), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and Unite
Computers starting to talk to each other- S&P 500 (^GSPC) SNP - SNP Real Time Price. Currency in USD Add to watchlist 4,224.55+14.31 (+0.34%)<--------- Likely make a run up from here As of 12:27PM EDT. Market open.