Lodging Profits

"Airbnb will possibly achieve 2.8 billion Dollars in revenues this year. The company trades at roughly 11 times revenues, if you are using that metric. Priceline, the listed entity that owns Booking.com amongst other platforms (see recent note - Priceline 4Q & FY numbers - still strong growth), trades on 8.5 times revenues, with a … Continue reading Lodging Profits

Online Travel

"For those of you who are not familiar with the business, they own various travel portals and interfaces, including ones that you may have used often, Booking.com, Priceline.com, Kayak, Agoda, OpenTable and rentalcars.com. I am pretty sure that you have used these services at some point if you are familiar with online travel."   To … Continue reading Online Travel