Airbnb, Inc., together with its subsidiaries, operates a platform for stays, experiences, and services worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces, experiences, and services. It also offers gift cards. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. …
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Competitive advantage assessment
Key strengths
Strong Interest Coverage & Conservative LeverageDebt serviceability is strong (score 0.97), with robust interest coverage.
Consistent Cash GenerationCash generation is strong and consistent (score 0.97).
Key risks
Volatile Margins Suggest CyclicalityMargin volatility is high (stability score 0.29), suggesting cyclical exposure or competitive pressure.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Airbnb, Inc. ranks #4 of 20
scored companies in Travel Services by moat score — the top 20%.
The widest moat in the group is Booking Holdings Inc. Common St (BKNG)
at 76/100.
Moat scores for companies ranked near ABNB in Travel Services
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 56
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 96
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 54
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 89
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 73
· 15% of the moat score
Scale matters only when it converts into economics.
Airbnb, Inc. (ABNB) scores 68 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #4 of 20 scored companies in Travel Services, the top 20%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Travel Services. Its strongest defense is Customer Stickiness (96/100) and its weakest is Pricing Power (51/100).
How does Airbnb, Inc. compare with other Travel Services companies?
Airbnb, Inc. ranks #4 of 20 scored companies in Travel Services by moat score. The widest moat in Travel Services is Booking Holdings Inc. Common St (BKNG) at 76/100. The companies ranked closest are Travel Leisure Co. (TNL) at 69 just above it and Expedia Group, Inc. (EXPE) at 66 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Travel Services. The defenses are then weighted to produce the overall score out of 100.
Why is Airbnb, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Airbnb, Inc.?
The Corporate Default template measures 6 defenses, and ABNB scores: Pricing Power (51), Cost Advantage (56), Customer Stickiness (96), Capital Efficiency (54), Resilience (89), Scale & Market Position (73). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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