Fort Worth's convention center needs an update. The city says this tax will finish the job [Yahoo! Finance]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Yahoo! Finance
Proposition A, which is on the ballot May 4, would increase hotel taxes by 2%. This is expected to generate an additional $10 million in revenue for the city, which it plans to use to fund the roughly $700 million expansion of the Fort Worth Convention Center. Early voting starts April 22. Supporters of the measure have formed the group “Together Fort Worth” and have emphasized the tax will only apply to visitors to Fort Worth who use hotel rooms or registered short-term rental like those listed on Airbnb “Those visitors will eventually go home, but their money stays here,” said Michael Crum, director of the city's public events department, speaking at a community meeting in August 2023. Supporters of the measure have also pointed to the effects for businesses serving the additional visitors. Fort Worth's tourism economy generated $3 billion and supported 30,000 jobs in 2022 , according to statistics from Visit Fort Worth. The group calculated that the extra revenue added $12
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News
- Expedia Hits Five-Month Low After Booking Miss, Guidance Cut [BNN Bloomberg (Canada)]BNN Bloomberg
- Seeking Clues to Airbnb (ABNB) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Is Airbnb, Inc. (NASDAQ:ABNB) Trading At A 32% Discount? [Yahoo! Finance]Yahoo! Finance
- Maui looks to cut back on Airbnbs for tourists as early as next summer [Los Angeles Times (CA)]Los Angeles Times
- 20 Beautiful Places in the World Ruined by Overtourism [Yahoo! Finance Canada]Yahoo! Finance Canada
ABNB
Earnings
- 2/13/24 - Miss
ABNB
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 144
- 4/30/24 - Form 144
- ABNB's page on the SEC website