Tripadvisor, Airbnb slump after results as economic worries weigh on demand
** Shares ofTripadvisor TRIP.O and Airbnb ABNB.O slump after results
** ABNB falls 16% to $109.54, TRIP down 13.5% at $14.11
** Airbnb forecast Q3 revenue below estimates and warned of shorter booking windows, suggesting travelers were waiting until the last minute to book due to economic uncertainty
** TRIP missed Q2 revenue estimates on hotel bookings still facingweak demand since April
** We also see some signs and signals around narrowing international booking windows and moderated pricing - Tripadvisor CEO Matthew Goldberg
** Booking BKNG.O also said earlier this month that lead times had shrunk in Q2 and were expected to shrink further in Q3
** YTD,TRIP down 24% while ABNB has slipped 4.2%
Reporting by Medha Singh
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
