20 Beautiful Places in the World Ruined by Overtourism [Yahoo! Finance]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Yahoo! Finance
UNWTO predicts that destinations around the world will host approximately 1.5 billion international tourists in 2024, the highest volume ever recorded. As wanderlust beckons travelers to traverse through narrow cobblestone streets, dive into underwater shipwrecks, and groove to raucous beats, it comes hand in hand with the threat of overtourism. Overtourism Overtourism is essentially the idea of a greater than optimal number of tourists visiting any area. If left unchecked, excessive tourists can have economic, social, and environmental repercussions that impact the longevity and sustainability of any destination. One of the major reasons for overtourism is the availability of cheap accommodation, courtesy of unrestricted house rentals. Companies such as Airbnb, Inc. (NASDAQ: ABNB ) offer property owners the ability to rent out to tourists for pennies on the dollar, inadvertently causing destinations to become congested with heaps of tourists. Tourists can also utilize groups on
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ABNB
News
- The Most Important Marketing Metric Is Driving Business Growth [Forbes]Forbes
- Have $500? 2 Unstoppable Growth Stocks to Buy Without Hesitation in the New Bull Market [Yahoo! Finance]Yahoo! Finance
- California woman explains neighborhood revolt against disruptive Airbnb renters: We're not a hotel [FOX News]FOX News
- Airbnb to Participate in the Bernstein 40th Annual Strategic Decisions Conference 2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Airbnb to Participate in the Bernstein 40th Annual Strategic Decisions Conference 2024PR Newswire
ABNB
Earnings
- 5/8/24 - Beat
ABNB
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 144
- 5/9/24 - Form 4
- ABNB's page on the SEC website