Why Airbnb Investors Should Brace for Worse Financial Results This Year
The travel industry is recovering, and companies are expecting to spend nearly as much as they did in 2019. But that doesn't mean it will be smooth sailing for all travel businesses. Airbnb (NASDAQ: ABNB) is expecting a slowdown on its platform this year and it's also implementing some changes that could impact revenue growth.
Here's a closer look at why investors shouldn't be surprised by some worse results from the company later this year.
Airbnb announced many new features in its most recent shareholder letter that it rolled out in its 2023 Summer Release, which launched on May 3. This includes making the true total cost of a stay more transparent -- a frequent user complaint. Guests in the U.S. and Canada will also be able to pay using Klarna, a buy now, pay later service, to spread their cost out over time.
Source Fool.com
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