A take on business from Times Square
Sponsored by NYC News Service and CUNY Newmark J-School
Reporter
When venture capitalist Sheel Mohnot went to book an accommodation on Airbnb recently, he found that the additional fees he was required to pay tallied up to nearly the same amount as the actual booking rate.
Airbnb saw recording-breaking profits and revenue in its third quarter on Tuesday, bolstering the short-term rental company’s belief that travel demand will continue despite a potential economic downturn.
Airbnb chief executive officer Brian Chesky indicated that new payment and host features could be on the horizon for the company during a fireside chat at the Skift Global Forum in New York on Wednesday.
Revenge travel this summer sent Americans jetting to Europe, sunning at Caribbean beaches and exploring big cities like New York.
About the Journal
The Times Square Investment Journal covers companies, markets and personal finance from a newsroom in the heart of Manhattan. The Journal is sponsored by the NYC News Service and the Craig Newmark Graduate School of Journalism at CUNY.
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