This Is the Biggest Risk Facing Airbnb Right Now
Airbnb's (NASDAQ: ABNB) popular booking platform has been hugely successful in recent years. The company's growth has been strong even as consumers have struggled with inflation. This is a good business to invest in if you're bullish on the economy and the overall demand for travel.
But there is one big risk that investors need to be aware of now: bans and restrictions on short-term rentals. Not everyone is thrilled with Airbnb, particularly cities where rental prices are soaring and tourists have taken over.
This month, New York City took aim at its housing shortage problems, with stricter regulations on short-term rentals coming into effect. Now, it is requiring hosts to register with the city before providing short-term accommodations. And for bookings that are less than 30 days in duration, the host needs to be present. There is also a maximum of two guests allowed to stay at once.
Source Fool.com
travel BV ADR Stock
Currently there is a rather positive sentiment for travel BV ADR with 4 Buy predictions and 0 Sell predictions.
With a target price of 3 € there is potential for a 439.57% increase which would mean more than doubling the current price of 0.56 € for travel BV ADR.
