(Reuters) – Airbnb shares rose no less than 13.3% on the market on Friday after the holiday home rental company Wall Street defeated estimates for the results of the fourth quarter, stimulated by a strong international travel question.
Travel companies have been helped by a healthy question in Asia, especially from Chinese consumers who visit destinations in Southeast -Asia.
Airbnb said that nights booked by outgoing Chinese tourists in the fourth quarter increased by 25%. It also saw a growth of 30% in nights booked for domestic trips in Latin -America, led by Brazil, compared to last year. First Bookers in the region grew by almost 15% consecutive.
The short -term rental platform said that the growth on expansion markets was twice that their core markets were.
“This creates confidence in our prediction for international markets to add dozens of billions in bookings in the coming years,” said Morningstar analyst, than Wasiolek.
Airbnb also said that it is planning to invest $ 200 million up to $ 250 million for a new travel -related company that would be launched in May.
The company expects to launch one or two companies every year in the coming five years, CEO Brian Chesky said during the Call Conference after the operation.
“I think every company can take three to five years to scale up. A great company could reach a billion dollar in income,” he added.
William Blair analyst Ralph Schackart said: “In the longer term, the company has the opportunity to add incremental growth moters, such as experiences, and the shares must at least grow in accordance with sales growth.”
Airbnb shares act on around 32.06 times their forward profit estimates, compared to a median in the sector of 17.99 times.
(Reporting by Aishwarya Jain in Bengaluru; Edit by Shailesh Kuber)
