Global IPO markets have been running hot in 2021, setting new records in terms of volume and proceeds. One of the best predictors of future performance is past performance. Investors interested in how recent IPOs might fare in 2022 may consider reviewing how the hottest IPOs of 2020 performed in 2021. Many of the companies that made public debuts…
Newport Beach Further Restricts Short-Term Rental
December 16, 2021
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NEWPORT BEACH, Calif.—The City of Newport Beach voted Dec. 14 during a second reading to adopt a new ordinance that will put more restrictions on short-term rental within the city to address residents’ concerns about noise and parking issues coming from short-term tenants. A short-term rental is defined by the city as renting a living…
Airbnb is ‘Enriching’ Chinese Paramilitary Group Linked to Uyghur Repression: Sen. Rubio
Sen. Marco Rubio (R-Fla.) has urged Airbnb to delist rental properties located in China’s Xinjiang region owned by a Chinese paramilitary force accused of aiding Beijing’s genocide against Uyghurs. The plea came in a letter dated Dec. 7. “[B]y maintaining these listings, Airbnb is complicit in enriching an organization facilitating horrific human rights abuse and…
Airbnb Revenue Surges as Countries Open Up for Vaccinated Travelers
November 5, 2021
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Airbnb Inc.’s quarterly revenue topped Wall Street expectations and the short-term home rental company said on Thursday a rebound in global travel in the last three months of the year would drive growth in 2022. International travel search volumes have been rising as countries, including the United States, start to ease pandemic-related restrictions for fully…
Costa Mesa Extends Short-Term Rental Ban
November 4, 2021
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The City of Costa Mesa unanimously approved an emergency ordinance Nov. 2 that will continue the city’s ban on short-term rentals (STRs) for another year. STRs, defined as rentals that last for less than 30 days, are commonly listed on websites including Airbnb, VRBO, HomeAway, FlipKey, and others. Every council member seemed to be in…
Scottish MSPs Consider Plans for Licensing Scheme for Airbnb-Style Short-Term Lets
Plans for owners of Airbnb and short-term let properties in Scotland to require a licence will be examined by a Holyrood committee. The proposed licensing scheme would impose regulations in a bid to tackle the growth of Airbnb-style rentals in popular tourist areas such as Edinburgh. Under the Scottish government plans, councils will have until…
‘Pathetic and Disgraceful’: Lawmakers Blast Coca-Cola, Visa, Airbnb for Supporting Beijing ‘Genocide Olympics’
July 28, 2021
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Coca-Cola, Airbnb, Procter & Gamble, and Visa—U.S. sponsors for the 2022 Beijing Olympics—have proudly declared that they support human rights globally. But that support became less clear when it came to responding to the Chinese regime’s gross rights violations. At a July 27 congressional hearing on corporate sponsorship of the Beijing games, representatives from the…
Michigan May Join Arizona, Florida in Limiting Local Control of Short-Term Rentals
LANSING, Mich.—Michigan may soon become the latest of a handful of vacation destination states to enact laws protecting the short-term residential rental industry. Since the advent of online booking and collection services such as Airbnb and VRBO, short-term rentals have become big business in states like Arizona, Florida, Idaho, and Tennessee, all of which have…
Airbnb Takes Legal Action Against Guest After House Is Wrecked
Airbnb is going to file a lawsuit against a guest that booked a room and hosted a party where a fight broke out in North Dallas, Texas. A group of videos that went viral on Facebook shows a group of young black females aggressively fighting each other on the property. A television set was toppled and…
NTD Business Full Broadcast (June 15)
If you’ve ordered chicken wing recently, you’ve probably noticed they’re pretty expensive now. Apparently there aren’t enough chickens to meet demand and customers are a little upset. Bloomberg reports that Airbnb spends millions a year on stays that went horribly wrong. That includes costs from covering counseling sessions for victims, booking alternative stays to hiring…
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