Editorji is a popular short video news and information platform based in India. It was founded in 2018 by Vikram Chandra, one of India’s leading journalists, and has risen to prominence in the digital news space in a relatively short span of time. The platform is primarily designed for mobile devices, with applications available for Android and iOS.

ABOUT US:

about us editorji

Latest Video News: Editorji provides the latest news video headlines, latest videos clip from India and the World. Get all breaking news videos on Entertainment, Business, Coronavirus, Elections, Politics and more.

Latest Video News, Breaking News, Bollywood, Political, Sports, Business News | Editorji

+91 11 4035 6666 / info@editorji.com
3rd floor, Plot B, Khasara no 360, Sultanpur, New Delhi, Delhi 110030
<a title="mail to us" href="mailto:info@editorji.com">Send Feedback</a>
<a title="Contact Us" href="mailto:info@editorji.com">Contact Us</a>

REACH US

Contact for any questions, suggestions, comments, feedback or advertisement on Editorji.com, we are always looking forward to hearing from you.

Contact Us for Feedback, Suggestions and Advertising 

Editorji content is better experienced in our app.

Analysts have noted that the move by Airbnb to increase the service charge for cross currency transactions would drive approximately $200 million to $500 million in incremental profit for the company in 2025

Airbnb to increase guest service fee for foreign currency transaction from April

<h2>Analysts have noted that the move by Airbnb to increase the service charge for cross currency transactions would drive approximately $200 million to $500 million in incremental profit for the company in 2025</h2>

Your Airbnb stay will soon get more expensive if you pay using a different currency than what the host expects. Airbnb is planning to increase the guest service charge for cross-currency bookings from April. This comes as the firm is looking to expand in International markets to boost growth.
&ldquo;From time to time, we adjust our fees to better align with the value we provide,&rdquo; the San Francisco-based company said in an email to users Wednesday.
<h3>Extra Service Charge</h3>
Airbnb in its website has said that an additional service charge of as much as 2% will be charged to guests if they pay in a different currency from the listing. This would bring the the guest service fee to as much as 16.5% of the subtotal, excluding taxes. Airbnb hosts can also add extra cleaning fee. However, some users have raised concerns of the cleaning charge being excessive for some guests.
Also Read: <a href="https://www.editorji.com/business-news/lakshadweep-sees-a-3400-increase-in-on-platform-searches-on-makemytrip-1704711430088">Lakshadweep sees a 3400% increase in on-platform searches on MakeMyTrip</a>
&ldquo;Sometimes we make changes to give us flexibility to offer and evaluate new products, features and policies, including fees,&rdquo; Sam Randall, an Airbnb spokesman, said in a separate statement to Bloomberg.
&ldquo;The update to the service fee is an example of us enabling the ability to bring our platform in line with industry practices and is not anticipated to affect the majority of our guests as cross-currency transactions make up a smaller percentage of bookings,&rdquo; he said.
In the third quarter, cross-border bookings were up 17% from a year earlier, the company reported.
<h3>Analysts on extra fee</h3>
TD Cowen analyst Kevin Kopelman has said that this move could drive approximately $200 million to $500 million in incremental profit for the company in 2025.
Meanwhile, Ken Gawrelski, an analyst at Wells Fargo, wrote in a note that even if the positive growth of the company is affected by customers choosing to pay in the local currency at the time of checkout, a single digit impact to 2025 EBITDA could be seen.
Airbnb has been seeing slowing growth in the bookings and revenue, despite the post-pandemic travel boom. As per Bloomberg, the firm's Chief Executive Officer Brian Chesky has spent the past year making affordability one of his top priorities to attract more users to the platform. Airbnb is also looking to expand in its less-penetrated markets of Latin America and Asia-Pacific region.&nbsp;

The sudden halt to world tourism was a shock to the home rental company and forced layoffs of a quarter of Airbnb workforce in 2020

Airbnb CEO wants your home to make money as recession looms

How to beat recession? Here's an advice from Airbnb CEO

The sudden halt to world tourism was a shock to the home rental company and forced layoffs of a quarter of Airbnb workforce in 2020

As recession and inflation all over the world are making headlines, with soaring energy, food and transport prices, CEO of holiday home giant Airbnb is giving an advice to make money.&nbsp;
Brian Chesky, the CEO of home-sharing company is encouraging more people to become hosts on its platform, increasing options as the euphoria of reopened travel has cooled.
He further added that ''we have to be affordable" in terms of pricing, to allow consumers to travel despite a deteriorating economic climate.
Not only this, the CEO of Airbnb has also listed a bedroom in his own San Francisco home on the platform to show people that being a host through the site isn't "risky".&nbsp;

airbnb

Categories