4 October 2024
Here is a follow-up to my previous post on Airbnb. I have now published a 41-page report discussing the company’s value drivers, competitive advantages, and critical points missed by the market.
One of them is the operating leverage of the business that benefits from economies of scale. Airbnb has seen its major cost items drop relative to revenues, boosting its profit margins. On the other hand, Booking Holdings, its prime competitor, witnessed continuous profit margin decline despite its growing scale.
One of them is the operating leverage of the business that benefits from economies of scale. Airbnb has seen its major cost items drop relative to revenues, boosting its profit margins. On the other hand, Booking Holdings, its prime competitor, witnessed continuous profit margin decline despite its growing scale.
