Luxury rental prices for Paris Olympics slashed by half or more as demand comes in weak [Fortune]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Fortune
Real estate agencies, which can help Parisians list their permanent homes as temporary rentals for vacationers say they're cutting prices for luxury rentals in chic neighborhoods and tempering expectations of owners who'd hoped to ride the wave of visitors coming to the capital. “The supply is there, but we don't have as much demand as we thought,” says Omar Meniri, head of Paris rentals at Engel and Völkers. “Unfortunately, right now it's not up to par with what I was hoping for.” It's not just agents who are disappointed by the overblown hype. Many overeager owners listed their apartments at three or four times the usual nightly rate, only to find that few people were willing to shell out. Nathalie Garcin, co-president of real estate firm Emile Garcin, says that she has slashed prices to half of what owners had initially sought while also becoming more selective about what she lists. “We're only taking very beautiful apartments that are in perfect shape,” Garcin says, with
Show less
Read more
Impact Snapshot
Event Time:
ABNB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ABNB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ABNB alerts
High impacting Airbnb, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
ABNB
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