Risk, returns & timeframes illustration
1 min read
November 7, 2022
by
Regan Pearson

Our purrfect pets ready to vacay 🐱

Pets have kept us pawsitiveover the past few years so deserve chillax time at Airbnb’s pet friendly vacay rentals. And bookings with furry friends in tow have soared to 3 million pet check-ins over the past year. Could it be enough for Airbnb to claw back their pandemic losses?
Risk, returns & timeframes illustration
1 min read
November 7, 2022
by
Regan Pearson

Our purrfect pets ready to vacay 🐱

Pets have kept us pawsitiveover the past few years so deserve chillax time at Airbnb’s pet friendly vacay rentals. And bookings with furry friends in tow have soared to 3 million pet check-ins over the past year. Could it be enough for Airbnb to claw back their pandemic losses?
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Our pets have been working overtime to keep us happy this year. For some pets that’s meant long hours of wfh Zoom (ZM) calls. 😸 For others, it’s been supporting us through ruff days in the office as our personal pawlicy advisers. And we love ’em for it! According to pet company Chewy (CHWY), almost 80% of pet parents say that seeing their pet when they come home is the best part of the day. And with World Kindness Day this week, what better way to show our love than by taking our good boys and girls with us on a well-deserved break?

Chewy says that more than 60% of pet parents say they wish they could bring their pets with them everywhere ‘all of the time’ or ‘most of the time’. That’s purrfect news for Airbnb (ABNB), which has seen more than 3 million pets check into Airbnb since last November. The accommodation company’s website even has a whole category for pet friendly finds to help people plan.

Unlike humans, pets haven’t tried to cancel Airbnb yet. Despite complaints of sky-high cleaning fees, anecdotes of sharp declines in bookings, and suggestions the website headed for ‘Airbnbust’, Airbnb’s third quarter financial results paint a very different picture. 🖼️ In fact, Airbnb says the three months to 30 September 2022 was the company’s ‘most profitable quarter ever’. They say more than 100 million nights and experiences were booked, and they took in net income of US$1.2 billion, up 46% year-on-year.

Airbnb cautioned that the strong US dollar could lower international average daily rates heading into the fourth quarter, however, which we flagged about US companies in October. 🚩 But as demand for travel continues to recover, Airbnb is staying pawsitive. 🐾

Regan Pearson
Finance writer
Linkedin

We’re not financial advisors and Hatch news is for your information only. However dazzling our writing, none of it is a recommendation to invest in any of the companies or funds mentioned. If you want support before making any investment decisions, consider seeking financial advice from a licensed provider. We’ve done our best to ensure all information is current when we pushed ‘publish’ on this article. And of course, with investing, your money isn’t guaranteed to grow and there’s always a risk you might lose money.

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