🏡 Investors take an Airbnb break

Airbnb wants your spare room | Maersk stayed in ship shape | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for November 3rd in 3:09 minutes. 💸 Beyoncé x Jay Z? Louis Vuitton x Supreme? We’ve got an even cooler collaboration for you. Get [3 months Revolut Premium]( and [6 months Finimize Premium for free](, and you’ll even get £10 (or equivalent) sent right to your Revolut account, on us. Now that’s what we call buzzworthy.  [Unlock it all here]( Today's big stories - Airbnb broke records after a big summer blowout, but investors are more focused on the dreary reality ahead - Here’s why having a longer investment horizon could make you a winner – [Read Now]( - Shipping giant Maersk reported ship-shape quarterly results once again, but business could start sinking soon Vacation Blues [Vacation Blues] What’s Going On Here? Airbnb [gave]( a disappointing quarterly update earlier this week, as the home-sharing platform’s summertime high wore off. What Does This Mean? Determined holidaymakers weren’t going to let canceled flights and extortionate airline tickets spoil their first restriction-free summer, so they did whatever they needed to reach their happy places. And because a lot of those happy places were Airbnb homes, the company managed to hoist its average daily rate up 5% from the same time last year and still record its most third-quarter bookings ever. That brought in record-breaking quarterly revenue of nearly $3 billion, $600 million more than analysts expected, and helped Airbnb bring profit up to an all-time high too. But here’s the record scratch moment: Airbnb predicted the strong US dollar will take more than a nibble out of its rental income this quarter, which is partly why it gave a worse-than-expected revenue outlook. And since investors focus on the future, they sent the firm’s shares down 7% after the news. Why Should I Care? The bigger picture: Back to work. End-of-summer reality might be about to hit Airbnb extra hard. See, bookings in increasingly desirable urban areas were up 27% last quarter, and those city spots tend to be much smaller – and, in turn, cheaper – than the bigger, more rural digs that were popular pandemic escapes. Mix in the potential of fresh competition from hotels that are only just recovering from lockdowns, and Airbnb might have to put in extra work this winter if it wants to stay ahead. Zooming out: No more nice-to-haves. Airbnb thinks these trying times could push more hard-up homeowners to rent out rooms to make some extra cash, but those shiny new locations could well end up empty. After all, the Federal Reserve’s fourth-straight 0.75-percentage-point [hike]( on Wednesday takes interest rates to their highest since 2008, and that type of environment will pressure consumers to cut back on luxuries – not least flashy Airbnb vacations. You might also like: [Higher rates are bad news for stocks, but especially tech stocks.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Vacation Blues&utm_campaign=daily-global-03-11-2022&utm_source=email) Analyst Take Can A Longer Investment Horizon Make You A Winner? [Can A Longer Investment Horizon Make You A Winner?]( [Photo of Stéphane Renevier] Stéphane Renevier, Analyst Long-term investors can seem [pretty smug at times](. They know they can [benefit from opportunities]( that short-term investors can’t, and they get to shrug off some of the day-to-day price swings that can tie a short-term investor in knots. But that doesn’t mean [a long-term approach]( is without its drawbacks. That’s today’s Insight: [the pros and cons of taking the long view.]( [Read or listen to the Insight here]( Finimize x Revolut Pretty good stuff, right? Our analysts write Insights like this every day, and you can read every single one of them with [Finimize Premium](. There’s no better time to get started: our new partnership means you can get [six free months of Finimize Premium]( and [three free months of Revolut Premium]( if you [sign up for Revolut today](. We’ll even send you £10 (or equivalent) to your Revolut account to get you started. SPONSORED BY BLACKROCK Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. A new way to invest Investing can often mean scanning a never-ending stream of complicated facts and figures. Not with [BlackRock’s MyMap range](, mind you. All you need to do is pick the [ready-made MyMap fund]( that best aligns with your financial and sustainability goals, and select your personal risk appetite. [The MyMap range]( is made up of a variety of assets like equities (shares), bonds, and alternatives. They provide [more diversification than investing in a single asset](, which means all your eggs aren’t in one basket – all carefully curated to maximize your portfolio’s potential returns. Diversification and asset allocation may not fully protect you from market risk. Discover more about [BlackRock’s MyMap range](. [Find Out More]( Issued by BlackRock Advisors (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL, Tel: +44 (0)20 7743 3000. Registered in England and Wales No. 00796793. For your protection, calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock. © 2022 BlackRock, Inc. All Rights Reserved. MKTGH1122E/S-2562613 Shape Up Or Ship Out [Shape Up Or Ship Out] What’s Going On Here? Maersk, the world’s second-biggest shipping company, [reported]( impressive quarterly results on Wednesday – but its outlook for the future was pretty puny. What Does This Mean? Global shipping giants like Maersk have had the wind in their sails the past couple of years, with strong pandemic demand and supply shortages sending shipping rates through the roof. Last quarter was no exception: sure, the number of containers it loaded fell by 8% compared to the same time last year, but it still posted a stellar 37% bump in revenue and its sixteenth-straight quarter of profit growth. Now, though, it looks like there’s a sea change on the horizon: the West is hurtling toward a recession and recovering supply chains are dampening shipping rates, so Maersk could find itself adrift before long. In fact, it already reckons global container demand will fall by as much as 4% this year. Why Should I Care? Zooming in: Batten down the hatches. Some of Maersk’s rivals expanded their fleets in recent years, but Maersk chose to add stabilizing ballast to its business instead. The firm focused more on strengthening its logistics arm – not its shipping operations – with a series of acquisitions that means the segment now brings in about $17 billion in annual revenue. That could turn out to be a smart move: there are signs the shipping industry’s currently heading toward the dangerous phase of its notorious “boom and bust cycles”. The bigger picture: Shiver me timbers. Maersk controls around a sixth of the world’s container trade, which means its performance pretty reliably reflects the strength of the $29-trillion global trade market – and by extension, the global economy as a whole. That makes its pessimism about growth going forward pretty worrying, and it’s not the only one sounding the alarm. Just last month, the International Monetary Fund [cut]( its prediction for global growth next year to 2.7%, and said one in three economies is even at risk of contracting. You might also like: [This isn’t the global financial crisis, and it’s not the dotcom bust.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Shape Up Or Ship Out&utm_campaign=daily-global-03-11-2022&utm_source=email) 💬 Quote of the day “An ounce of action is worth a ton of theory.” – Friedrich Engels (a German socialist philosopher) [Tweet this]( SPONSORED BY WEISS RATINGS Not another crisis… There’s been a lot of reminiscing about past crises lately. [“Black Swan” events]( – things like the financial crisis of 2008 and the pandemic-induced crash of 2020 – have been the talk of the town, with financial novices all around proclaiming a repeat. Thing is, even if we are headed toward [another crisis](, it won’t be the same as the ones before. History doesn’t repeat itself, after all: it rhymes. But you can find out more about [what you might expect from the next crisis]( with [this short video](, and – most importantly – you’ll [discover the silver linings]( too. [Watch the video for free now](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar - Gen-Z gone home. Here’s why young people are still [living with mom and pops](. - Massive commercial real estate investments. Now [without the massive price tag](.* - Happiness is contagious. Even the sun [just cracked a smile]( – yes, really. - Move over, TikTok. Elon Musk is ready to [bring back Vine](. - Censorship has loopholes too. This slang’s designed to [sidestep online censorship](. When you support our sponsors, you support us. 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