I am at a dilemma between choosing the story behind AirBnB’s Q1 earnings call after the bell tomorrow, will $ABNB be treated as another technology company or rather a Travel Service Sector company poised to capitalize on the demand from travel?
Key points that I’m looking into :-
POSITIVES :
• $ABNB is better positioned for the high demand in travel this year compared to its peers that are battling labour shortages and rising costs, such as hotel chains ( Hilton, reporting before open tmr )
• Over the last 1 year, ABNB has beaten EPS estimates 75% of the time and revenue estimates 100% of the time.
• The vacation rental provider is expected to report Q1 room nights growth of over 20% and gross bookings value of more than 60% compared to 2019.
NEGATIVES :-
• ABNB suspended all operations in Russia and Belarus owing to the Ukraine war.
• Weak travel demand and travel restrictions in the Asia Pacific region are likely to have affected the quarterly performance.
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