Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessJefferies Analysts Bullish on Airbnb, Citing Paris Olympics Boost

Jefferies Analysts Bullish on Airbnb, Citing Paris Olympics Boost

Add to Favorite
Added to Favorite


Jefferies analysts expressed a positive outlook on Airbnb (NASDAQ:ABNB), highlighting the potential benefits from the upcoming Paris Olympics.
Jefferies noted a significant increase in bookings for the Paris area during the Olympic Games, prompting them to raise their Night growth estimates for Airbnb. This surge in demand is supported by a 40% increase in active listings, indicating strong supply to meet the expected influx of visitors. Jefferies predicts that the Olympics will provide approximately a 2% boost to Airbnb’s Q2/24 Night growth, leading them to revise their growth estimates upwards, surpassing consensus expectations.
Jefferies also sees the Olympics as a catalyst for long-term growth. They believe the event will attract new users who typically prefer hotels, especially those looking for budget-friendly options or accommodations outside central Paris. This influx of new users is expected to translate into sustained supply and demand growth in the region.
In addition to the Olympics, Jefferies pointed to the potential impact of the European Football Championships in Germany, which could also provide a significant boost for Airbnb. While this event is not included in their current analysis, it suggests further growth opportunities for the company.
Overall, Jefferies views major sporting events like the Olympics and the European Football Championships as beneficial for Airbnb. They maintain a Hold rating on the stock but acknowledge the potential for near-term gains and long-term growth driven by increased user acquisition.

Subscribe to get Latest News Updates

Latest News

You may like more
more