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Technology Stocks : Peer-to-Peer, Gig and On-Demand Economies

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To: rogermci® who wrote (809)12/2/2020 1:42:07 PM
From: Glenn Petersen1 Recommendation

Recommended By
rogermci®

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Today, the idea does not seem so crazy after all. Our more than 4 million hosts now offer everything from a private room in their home to luxury villas, from one night to several months at a time. Hosting has expanded from homes to now include experiences that can be taken in cities all over the world, or even online. In more than 220 countries and regions around the world, our hosts have welcomed over 825 million guest arrivals and have cumulatively earned over $110 billion. “Airbnb” has become synonymous with one-of-a-kind travel on a global scale.

S-1/A (sec.gov)

Ignoring the fact that an individual host is probably offering multiple beds, the $35 billion valuation values each host at $8,750 per host.

Plus, no capital costs.

The cost of building a new hotel can range from $75,000 to $600,000 per room, depending on how many stars you want.

The national average range is $13,000,000 to $32,000,000, with most people spending around $22,100,000? on a 3-star hotel with 100 rooms. At the low end of the spectrum, it is possible to build a 2-story motel for $7,500,000, while at the high end, you can spend more than $60,000,000 on a luxury 5-star hotel.

2020 Cost to Build a Hotel | Hotel Construction Costs (fixr.com)
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