Vacasa Offers Early Signal on Summer Vacation Demand -- Market Talk

Dow Jones05-10

1909 ET - Vacasa is sending early warning signs on summer travel demand this year. The company says it's cutting an additional 13% of its workforce due to softer demand. Management says in a shareholder letter that after a slow start to bookings in January, there was in uptake in February. Now, with greater visibility into summer bookings, the company says the number of bookings and price for bookings are both below expectations. The commentary on weaker demand conflicts with results for Airbnb, which saw a 12% increase in gross bookings in 1Q and said it expected strong demand in the summer tied to the Paris Olympics. Vacasa shares drop 6.3% post-market. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

May 09, 2024 19:09 ET (23:09 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2434240110?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-10 07:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2434240110","market":"sh","top_or_hot":-1,"title":"Vacasa Offers Early Signal on Summer Vacation Demand -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  1909 ET - Vacasa is sending early warning signs on summer travel demand this year. The company says it's cutting an additional 13% of its workforce due to softer demand. Management says in a shareholder letter that after a slow start to bookings in January, there was in uptake in February. Now, with greater visibility into summer bookings, the company says the number of bookings and price for bookings are both below expectations. The commentary on weaker demand conflicts with results for Airbnb, which saw a 12% increase in gross bookings in 1Q and said it expected strong demand in the summer tied to the Paris Olympics. Vacasa shares drop 6.3% post-market. (ben.glickman@wsj.com; @benglickman) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 09, 2024 19:09 ET (23:09 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vacasa Offers Early Signal on Summer Vacation Demand -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVacasa Offers Early Signal on Summer Vacation Demand -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-10 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1909 ET - Vacasa is sending early warning signs on summer travel demand this year. The company says it's cutting an additional 13% of its workforce due to softer demand. Management says in a ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4142","symbol_name":"酒店、度假村与豪华游轮","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2434240110","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434240110","pubTimestamp":1715296140,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1909 ET - Vacasa is sending early warning signs on summer travel demand this year. The company says it's cutting an additional 13% of its workforce due to softer demand. Management says in a shareholder letter that after a slow start to bookings in January, there was in uptake in February. Now, with greater visibility into summer bookings, the company says the number of bookings and price for bookings are both below expectations. The commentary on weaker demand conflicts with results for Airbnb, which saw a 12% increase in gross bookings in 1Q and said it expected strong demand in the summer tied to the Paris Olympics. Vacasa shares drop 6.3% post-market. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4142":"酒店、度假村与豪华游轮","VCSA":"Vacasa Inc.","BK4539":"次新股"},"translate_title":"Vacasa提供暑假需求的早期信号——市场对话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VCSA":0.9},"content_text":"1909 ET - Vacasa is sending early warning signs on summer travel demand this year. The company says it's cutting an additional 13% of its workforce due to softer demand. Management says in a shareholder letter that after a slow start to bookings in January, there was in uptake in February. Now, with greater visibility into summer bookings, the company says the number of bookings and price for bookings are both below expectations. The commentary on weaker demand conflicts with results for Airbnb, which saw a 12% increase in gross bookings in 1Q and said it expected strong demand in the summer tied to the Paris Olympics. Vacasa shares drop 6.3% post-market. (ben.glickman@wsj.com; @benglickman) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 09, 2024 19:09 ET (23:09 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2434240110"}