Airbnb, Inc.

🇺🇸NASDAQ Global Select

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Bullish +75

Airbnb upgraded by Truist on stronger 2026 outlook

🔼 Truist upgraded Airbnb to Hold with higher 2027 EBITDA/EPS projections.

🤖 New CTO appointment and AI integration expected to drive long-term growth.

✈ Broader travel resilience supports valuation expansion across the industry sector.

🔼 Truist upgraded Airbnb to Hold from Sell following Q4 2025 earnings due to resilient travel demand and improved projections.

💰 Analyst C. Patrick Scholes raised the 2026 adjusted EBITDA forecast to $4.79 billion and EPS to $5.03 per share.

🚀 Truist introduced new 2027 projections with EBITDA of $5.37 billion, EPS of $5.96, and a price target increased to $129.

💹 The new valuation relies on a 20.0x multiple of 2027 adjusted EBITDA while Airbnb currently trades at roughly 24.9x for 2026 estimates.

✈️ Industry-wide travel resilience was highlighted, with U.S. hotel growth accelerating to 4.3% in February and strong performance across Asia-Pacific and Europe.

🤖 Mizuho reiterated an Outperform rating on Airbnb, citing the appointment of new CTO Ahmad Al-Dahle as a key development for long-term transformation.

🧠 CEO Brian Chesky emphasized that AI integration could expand margins by automating tasks and accelerating business growth during a CNBC interview.

💵 Mizuho maintained its $156 price target on ABNB, expecting valuation multiples to expand as confidence in the 2026 outlook builds.

📅 Analysts anticipate near-term catalysts including book-now-pay-later features, hotel traction growth, and stable margin guidance for 2026.

✈️ Other sector upgrades were noted, including JPMorgan upgrading Southwest Airlines to Overweight with a $60 price target ahead of Jan 29 earnings.

✈️ UBS initiated positive coverage on the airline sector with Buy ratings on Delta, United, Alaska Air, and an upgrade on American Airlines for 2026.

Bullish Signals
  • Truist upgraded Airbnb to Hold after 4Q25 resilient demand.
  • 2026 adjusted EBITDA forecast lifted to $4.79 billion.
  • New 2027 projections show $5.37B EBITDA and $5.96 EPS.
  • U.S. hotel growth hit fastest pace in over a year.
  • Mizuho named Airbnb a top pick with a $156 target.
  • New CTO supports AI ambitions to drive long-term growth.
  • CEO Chesky expects AI to boost margins and expansion.
Risk Factors
  • Airbnb trades at a premium multiple vs. Truist targets.
  • Truist downgrades sentiment from 'sell' to 'hold'.
  • Article lacks specific risk or headwind quantification.
Bullish Signals
  • Truist upgraded Airbnb to Hold from Sell following 4Q25 earnings, citing resilient travel demand and improved earnings projections.
  • The 2026 adjusted EBITDA forecast was lifted slightly to $4.79 billion, with EPS raised to $5.03, demonstrating stronger underlying performance.
  • Analysts introduced new 2027 projections expecting EBITDA of $5.37 billion and EPS of $5.96, establishing a new price target of $129 to capitalize on the improved outlook.
  • Broader resilience in the travel sector continues despite Middle East tensions, with U.S. hotel growth reaching 4.3% in February, the fastest pace in over a year.
  • Mizuho reiterated an Outperform rating and named Airbnb one of its 'top picks' for 2026 as the investment case strengthens.
  • The appointment of new CTO Ahmad Al-Dahle supports long-term AI ambitions, which analysts believe could help integrate hotel supply and drive growth.
  • CEO Brian Chesky highlighted a stable travel backdrop and expects AI to increase growth while supporting margin expansion through operational efficiency.
  • Mizuho maintained a $156 price target, noting that the valuation multiple could expand as confidence builds through 2026.
  • Truist views the company's earnings growth potential in 2027 metrics as supportive of the current valuation while leaving significant room for upside.
Risk Factors
  • Airbnb currently trades at a premium valuation multiple of 24.9x/20.2x on its 2026E/2027E adjusted EBITDA, compared to Truist's blended target multiple of 20.0x, raising concerns that the current price may be overvalued relative to analyst expectations.
  • The article acknowledges that the stock is a 'hold' for Truist down from a 'sell', indicating lingering bearish sentiment despite the upgrade.
  • While positive outlooks are mentioned, the article does not quantify specific risks or headwinds facing Airbnb, leaving investors without clear downside catalysts beyond valuation concerns.
Neutral 0

Airbnb (NASDAQ:ABNB) Reflects Nasdaq Index Digital Travel Trends

📉 Airbnb's stock ties to Nasdaq and digital travel trends.

💼 Valuation shifts due to institutional activity and ratings.

🔒 Full analysis requires login or subscription access.

📞 Kalkine Media may follow up with marketing offers.

📅 Report published on March 26, 2026.

📉 Airbnb's stock performance is linked to broader Nasdaq index digital travel trends.

💼 Institutional activity and rating changes are influencing the company's current valuation.

🔒 The full analysis requires a login or subscription to access the article content.

📞 Kalkine Media may contact readers for marketing offers following the sign-up process.

📅 The report was published on March 26, 2026.

Bullish Signals
  • Strong investor confidence in Airbnb (NASDAQ:ABNB).
  • Airbnb aligns with favorable Nasdaq trends.
  • Positive outlook for the digital travel sector.
Bullish Signals
  • Airbnb (NASDAQ:ABNB) reflects rating changes and institutional activity within Nasdaq index-driven market dynamics, indicating strong investor confidence. The article highlights valuation positioning that aligns with current Nasdaq trends, suggesting a favorable outlook for the digital travel sector.
Risk Factors
  • The article is gated behind a paywall/subscription wall, preventing access to the core analysis and financial data regarding Airbnb.
  • There is no substantive negative information, risks, or downside catalysts provided in the accessible content of this article.
Very Bearish -85

800 Texas Teens Trash Mansion After Making Airbnb Booking for '7 People' as Event Ends with Gunshots and Arrests

🏡 Texas mansion hosted 500+ teens despite a booking for seven guests.

💸 Damage included smashed fixtures and blood-stained linens during chaotic party.

⚖ Police made arrests after receiving tips about gunfire and armed threats.

🔫 Airbnb listing temporarily removed while $7.6M property undergoes repairs.

🏡 A Texas mansion in Celina was originally booked on Airbnb for seven people, but ended up hosting a party with 500-800 teens and young adults on March 21.

💸 The property owners stated they were deceived because the booking listed "seven people" despite a policy allowing no more than 20 occupants inside.

🛠️ Attendees caused extensive damage by removing furniture, breaking wall fixtures, smashing granite countertops, and tearing out wall decorations.

🔫 The event concluded with multiple gunshots heard in the vicinity of the residence as crowds began to disperse.

⚖️ Police made two arrests: one for Driving Under the Influence and another on an active Aggravated Assault warrant from Dallas County.

🩸 Officers found blood-stained bed sheets and towels at the property after entering to search for potential victims, with no injuries reported.

🔫 Authorities received a tip that 10 armed men were threatening to kill someone at the front gate before police entered the home.

🤦‍♂️ Police Chief John Cullison described the scene as "shock and chaos" involving assaults, gunfire, and threatening behavior among partygoers aged 15-25.

⚠️ The Chief warned about the dangers of large unsupervised gatherings fueled by social media, alcohol, or substance abuse.

🔒 The Airbnb property has been temporarily removed from the platform for two weeks while damage is repaired.

💰 The four-bedroom home is valued at $7.6 million and sits on 18 acres in the 800 block of Choate Parkway.

📞 An investigation into the party is ongoing as of this report.

Bullish Signals
  • No meaningful points found.
Bullish Signals
Risk Factors
  • The party was advertised as being for 'seven people' but drew between 500-800 teens and young adults, leading to massive property damage including broken walls, fixtures, and granite countertops.
  • The property owners stated they were unaware of the actual scale of the event because the booking lied about the number of guests allowed.
  • The event concluded with gunshots fired inside the residence and police reports of individuals threatening to kill others at the front gate.
  • Two arrests were made following the incident, including one for Driving Under the Influence (DUI) by a minor and another on an active Aggravated Assault warrant.
  • Blood-stained bed sheets and towels were found at the scene, indicating severe disorder and potential safety hazards for minors.
  • The damaged mansion was removed from Airbnb listings for two weeks while repairs are conducted to the $7.6 million property.
  • Police Chief John Cullison warned that such unsupervised gatherings fueled by social media carry 'very real risks and dangers,' including potential substance abuse and underage alcohol consumption.
  • The incident highlights significant liability and safety concerns associated with short-term rental platforms when hosts rely on platform listings rather than verifying guest capacity.
Bullish +75

Hannah Montana's House Is Now on Airbnb! See Inside the Malibu Mansion, Including Her Iconic Closet

🏡 Airbnb opens "Hannah Montana" Malibu mansion for 10 free one-night stays April 6-16.

📺 Guests access Miley Stewart's iconic closet plus ocean views and beach access.

🎉 Launch celebrates Disney Channel show's 20th anniversary with new special footage on Disney+.

📍 Airbnb has partnered with Disney to open the actual Malibu mansion from "Hannah Montana" as a vacation rental.

📅 This immersive experience will be available for ten one-night stays from April 6 through April 16.

💰 Fans can request booking starting March 26 at 9 a.m. ET, with the stay itself costing $0.

👗 Guests will have access to Miley Stewart's iconic closet filled with sequins and legendary fashion looks.

🌊 The property features ocean views, a balcony, and direct backyard access to the sand for beach lovers.

📺 The home was previously used to film scenes for "Big Little Lies" starring Reese Witherspoon.

🍳 Selena Gomez also filmed parts of her show "Selena + Chef" at this same Malibu location in 2022.

🎉 Airbnb is launching this trip to celebrate the 20th anniversary since the hit Disney Channel show’s debut.

📺 A 20th Anniversary Special premiered on March 24 featuring never-before-seen footage and performances.

⭐ Miley Cyrus shared a heartfelt message thanking fans for the lasting connection built by the show.

📺 The special includes an interview between Miley Cyrus and Call Her Daddy host Alex Cooper.

🎬 Viewers can stream the anniversary special and all four seasons of the original series on Disney+ and Hulu.

Bullish Signals
  • Airbnb partners with Disney for a Hannah Montana mansion experience.
  • 10-night stay available April 6-16 in the iconic Malibu property.
  • Fans can book free stays starting March 26.
  • Experience marks show's 20th anniversary.
  • Stream 20th Anniversary Special featuring Miley Cyrus on Disney+ and Hulu.
  • Watch never-before-seen footage and classic hits performances.
  • Disney+ hosts all series seasons and concert special.
Risk Factors
  • Limited to 10 one-night stays from April 6-16.
  • $0 booking fee may lead to demand exceeding supply.
  • Unresolved rights issues could stem from other productions.
  • Stay depends on Disney collaboration and scheduling.
Bullish Signals
  • Airbnb partnered with Disney to launch a special one-of-a-kind immersive experience at the famous Hannah Montana Malibu mansion.
  • The limited 10-night reservation offer allows guests to stay inside the actual property used for exterior shots in the hit Disney Channel sitcom from April 6 through April 16.
  • Fans can request to book the fully immersive $0 rate experience starting March 26, providing access to nostalgic details and iconic closet references.
  • The celebration marks the 20th anniversary since the show's debut, connecting with a global pop culture phenomenon.
  • In addition to Airbnb stays, fans can stream the Hannah Montana 20th Anniversary Special on Disney+ and Hulu featuring Miley Cyrus.
  • The special offers never-before-seen footage, performances of classic hits, and an interview between Miley Cyrus and Alex Cooper.
  • Disney+ also hosts all four seasons of the original series, the movie, and the Best of Both Worlds Concert for viewers to enjoy.
Risk Factors
  • The one-of-a-kind immersive experience is limited to only ten one-night stays from April 6 through April 16, severely restricting availability for fans hoping to book the Malibu mansion.
  • Potential guests face a $0 booking fee starting March 26 at 9 a.m. ET, which may create intense demand that exceeds supply and lead to disappointment if bookings fail to meet expectations.
  • The property has featured in other high-profile productions like Big Little Lies and Selena + Chef, which could introduce competitive friction or potential conflicts over usage rights that Airbnb has not disclosed.
  • Airbnb is partnering specifically with Disney for this anniversary promotion, meaning the platform is not independently offering the stay but rather a collaborative limited-time event dependent on Disney's scheduling and approval.
Bullish +68

3 Reasons Investors Love Airbnb (ABNB)

📈 Stock rose 7.6% in six months while tracking S&P 500 gains.

🏠 Nights booked grew 9.1% annually to reach 121.9 million recently.

💰 Elite margins reached 35.7% EBITDA and 39% free cash flow.

📉 Shares trade at $132.49 with a forward EV/EBITDA of 15.2×.

📈 Airbnb's stock has risen 7.7% over the past six months, tracking closely with the S&P 500's gains.

🏠 The company operates as the world's largest online marketplace for lodging and experiences, founded by Brian Chesky and Joe Gebbia.

📊 Nights and experiences booked grew at an annualized rate of 9.1% over the last two years to reach 121.9 million in the latest quarter.

💰 Airbnb maintained an elite EBITDA margin of approximately 35.7% over the past two years due to its efficient cost structure.

💵 The company demonstrated strong cash profitability with a free cash flow margin averaging 39% annually, among the best in the consumer internet sector.

🚀 Growth is driven by increasing both the number of bookings and the commission charged on each transaction.

🎯 Investors highlight Airbnb's ability to reinvest in new products rather than relying heavily on sales and marketing spend.

📉 The current valuation stands at $132.49 per share, which corresponds to a forward EV/EBITDA multiple of 15.2×.

📰 This analysis comes from StockStory's free research report evaluating whether ABNB is attractive for investors today.

🔍 The article suggests that while the stock has been rewarded by the market, its high-quality business fundamentals remain strong.

Bullish Signals
  • Airbnb stock climbed 7.7% to $132.49 in six months.
  • Nights booked grew 9.1% annually to 121.9 million last quarter.
  • Elite profitability achieved with 35.7% average EBITDA margin.
  • Impressive 39% free cash flow margin over two years.
  • Company prioritizes product innovation over sales and marketing spend.
Risk Factors
  • Current price implies 15.2x forward EV/EBITDA, questioning valuation attractiveness.
  • Stock closely follows market trajectory, suggesting cyclical rather than isolated fundamentals.
  • Revenue relies on stays and commissions, vulnerable to demand or regulation.
  • 39% free cash flow margins may signal aggressive accounting or sustainability risks.
Bullish Signals
  • Airbnb's stock has climbed 7.7% to $132.49 per share over the past six months, outperforming its own trajectory relative to the broader S&P 500.
  • Over the last two years, Airbnb's nights and experiences booked have grown by 9.1% annually, reaching 121.9 million in the latest quarter, indicating strong consumer demand.
  • The company has demonstrated elite profitability with an EBITDA margin averaging 35.7% over the last two years, supported by a high gross margin and efficient cost structure.
  • Airbnb boasts impressive cash profitability with a free cash flow margin of 39% averaged over the last two years, reflecting its lucrative business model and cost-effective acquisition strategy.
  • The company prefers to invest in new products rather than sales and marketing, enabling it to stay ahead of competition through innovation.
  • Valuation metrics show Airbnb trading at 15.2× forward EV/EBITDA, which the article suggests may be attractive for investors looking for a high-quality consumer internet business.
Risk Factors
  • Airbnb is currently priced at $132.49 per share, which corresponds to a forward EV/EBITDA multiple of 15.2×, raising questions about whether the valuation remains attractive for investors despite past performance.
  • The article notes that Airbnb has followed the market's trajectory closely over the past six months, implying its performance may be cyclical and tied to broader market movements rather than isolated strong fundamentals.
  • Revenue growth metrics rely heavily on increasing both the number of stays booked and commission rates, creating potential vulnerability if consumer demand for lodging softens or if commission structures face regulatory headwinds.
  • High free cash flow margins averaging 39% over two years may indicate aggressive accounting practices or sustainability concerns given the long-term nature of operating in a highly competitive consumer internet sector.
Neutral 0

Is Airbnb (ABNB) At An Attractive Price After Recent Share Price Weakness - Yahoo Finance

📉 Stock dropped 32.2% over five years with a mixed recent return profile.

💰 DCF model estimates significant undervaluation at US$196.95 versus current price.

⚖ P/E ratios and fair value metrics suggest shares are fairly priced today.

🏠 Regulatory concerns and housing impact debates keep investor sentiment mixed.

⚠ Analysis reflects historical data and forecasts, not financial advice.

📉 Airbnb's share price has declined by 6.7% over the last week and 32.2% over five years, creating a mixed return picture across different timeframes.

📊 According to Simply Wall St's Discounted Cash Flow (DCF) model, Airbnb is estimated to be undervalued at US$196.95 per share compared to the current price of US$130.73.

💰 The 2 Stage Free Cash Flow to Equity model projects free cash flow reaching US$7.2b in 2030, starting from a trailing twelve-month free cash flow of about US$4.6b.

🏠 While DCF suggests significant undervaluation, the P/E ratio analysis indicates the stock is trading near its fair level at 30.13x earnings.

🤝 Airbnb's current P/E of 30.13x is slightly below peer group averages but above the general Hospitality industry average of 21.21x.

⚖️ Simply Wall St's proprietary Fair Ratio for Airbnb is 30.46x, suggesting the shares appear priced at roughly a fair level rather than undervalued.

🏡 The article highlights that investor sentiment remains mixed due to ongoing debates about short-term rentals' impact on local housing markets and tourism.

💻 Regulatory risk and long-term demand for short-term rentals are key themes framing how investors view the company's share price over time.

🧠 Simply Wall St introduces its "Narrative" feature, which allows users to build custom fair value estimates based on their own assumptions about future revenue and earnings.

⚠️ This analysis is based on historical data and analyst forecasts only, and does not constitute financial advice or a recommendation to buy or sell the stock.

📉 The valuation signals differ significantly between DCF (33.6% undervalued) and P/E metrics (fairly priced), indicating there is more to unpack in the assessment.

Bullish Signals
  • Airbnb share gained 25.5% over three years.
  • DCF model projects $7.2B free cash flow by 2030.
  • Stock appears undervalued by approximately 33.6%.
  • Current P/E of 30.13x is near fair value of 30.46x.
  • Multiple higher than 21.21x industry average reflects growth confidence.
Risk Factors
  • Stock dropped 32.2% over five years after a recent 6.7% decline.
  • Company delivered -1.8% returns last year while underperforming market sentiment.
  • High P/E of 30.13x exceeds hospitality industry average of 21.21x.
  • Regulatory debates on short-term rentals could suppress long-term demand and growth.
Bullish Signals
  • Airbnb's share price has delivered a strong 25.5% gain over the last three years, despite recent short-term weakness.
  • The company's DCF model projects future free cash flow to reach $7.2 billion by 2030, indicating robust long-term growth potential.
  • Based on this valuation model, Airbnb appears undervalued by approximately 33.6% compared to its recent trading price of US$130.73.
  • The company's current P/E ratio of 30.13x is very close to Simply Wall St's proprietary Fair Ratio of 30.46x, suggesting shares are priced at a fair level.
  • Airbnb currently trades at a multiple higher than the Hospitality industry average of 21.21x, reflecting confidence in its superior earnings growth and resilience.
Risk Factors
  • Airbnb shares have experienced significant declines over various periods, including a 6.7% drop last week and a 25.5% gain reversed by a 32.2% decline over five years.
  • The company delivered negative returns of -1.8% over the last year, underperforming relative to positive market sentiment often expected for profitable firms.
  • Valuation analysis shows mixed signals; while a DCF model suggests undervaluation at 33.6%, the P/E ratio of 30.13x is already above the hospitality industry average of 21.21x, indicating potential overvaluation relative to peers.
  • Ongoing debates about short-term rentals fitting into local housing markets create persistent regulatory risks that could suppress long-term demand and share price performance.
  • Simply Wall St notes that their analysis may not factor in the latest price-sensitive company announcements or qualitative material, leaving exposure to unforeseen negative catalysts unaccounted for.
Bearish -50

The Lahaina fire worsened Maui's housing shortage. Now officials eye limiting tourist Airbnb rentals - AP News

🔥 The 2023 wildfire displaced 12,000 residents while worsening Maui's existing housing shortage.

📉 Over 85% of condo units are owned by absentee landlords limiting local availability.

🏛️ Mayor Bissen proposes banning short-term rentals to boost long-term housing stock by 13%.

⏳ The plan targets a 2025 effective date but faces legislative approval hurdles.

⚖️ The proposal pits tourism revenue against the need for affordable local housing.

🔥 The deadly August 2023 Lahaina wildfire killed at least 101 people and destroyed thousands of homes, leaving 12,000 residents displaced and worsening an existing housing crisis.

🏛️ Maui County Mayor Richard Bissen is proposing a ban on short-term vacation rentals to prioritize long-term housing for local residents.

📉 A University of Hawaii analysis indicates that 85% of Maui's condo units are owned by out-of-state absentee landlords.

💡 Converting vacation rentals to long-term leases could increase Maui's residential housing stock by approximately 13%.

🛑 The mayor's plan aims to force absentee landlords to either sell their properties or rent them long-term to address affordability issues.

📊 Currently, about one-third of all visitors to Maui utilize vacation rental platforms like Airbnb and VRBO for their stays.

🏖️ Vacation rentals are popular because they are often cheaper than hotels and feature kitchens that allow families to cook meals.

⚠️ The proposal faces significant legislative and bureaucratic hurdles before it can be officially enacted.

🗓️ If approved, the restrictions on vacation rentals in West Maui are expected to take effect no later than 2025.

👥 Many displaced survivors from the wildfire still lack stable housing while hotels meant for tourists remain underused for this purpose.

💰 Lower rental rates resulting from the policy shift could theoretically help keep long-term local residents on the island.

⚖️ The debate highlights a broader conflict between continuing tourism-driven growth and mitigating overcrowding on beaches and roads.

📅 Alicia Humiston represents many condo owners who face an impossible choice between renting to tourists or finding alternative housing for themselves.

🏘️ There are 7,000 condo units located in apartment zones across Maui, including 2,200 near the devastated West Maui burn zone.

🚧 The current shortage is attributed to a net loss of housing since 2019 due to high rental conversion and insufficient new construction.

🗣️ Critics of tourism argue that visitors overwhelm local infrastructure, while proponents emphasize that tourists power the island's economy.

🏙️ West Maui near the Lahaina burn zone accounts for about half of all legally operated short-term rentals on the island.

📉 Transitioning property ownership is expected to significantly lower buying prices and rental costs for future residents.

⏳ The Maui Planning Commission is scheduled to review this proposal starting on a Tuesday following recent news coverage.

Bullish Signals
  • Boosts residential housing stock by 13% via local rentals.
  • Lowering prices if University of Hawaii's 85% shift occurs.
  • Targets 7,000 condo units to address Maui housing crisis.
  • Helps Lahaina wildfire displaced 12,000 residents find stability.
  • West Maui offers 2,200 eligible units for affordable housing.
Risk Factors
  • Legislative hurdles delay Maui Mayor Bissen's rental ban proposal.
  • Ban threatens local economy as 1/3 visitors use affordable rentals.
  • 85% unit conversion could drop prices and hurt tourism.
  • Initial impact limited to half West Maui rentals by 2025.
  • Net housing loss since 2019 forces wildfire survivors into hotels.
Bullish Signals
  • Maui County's proposal aims to boost residential housing stock by 13% if condo owners transition units to long-term rentals for locals.
  • University of Hawaii researchers indicate that shifting 85% of out-of-state owned condos into the local market would help lower buying prices and rents.
  • The initiative targets about half of Maui's legally operated short-term rentals, specifically the 7,000 condo units in apartment zones that contribute to the housing crisis.
  • Mayor Richard Bissen believes the measure would force absentee landlords to sell or convert units, potentially stabilizing the community after the Lahaina wildfire displaced over 12,000 residents.
  • West Maui near the burn zone has 2,200 condo units eligible for this transition, offering a significant opportunity to address affordable housing needs in a critical area.
Risk Factors
  • Maui County Mayor Richard Bissen's proposal to restrict short-term vacation rentals faces multiple legislative and bureaucratic hurdles, with a critical Maui Planning Commission meeting scheduled for Tuesday.
  • The ban on tourist rentals threatens to impact the local economy as approximately one-third of Maui's visitors currently rely on affordable vacation rentals via platforms like Airbnb and VRBO, rather than more expensive hotels.
  • Transitioning 85% of condo units owned by out-of-state residents to long-term rentals is projected to cause buying prices and rents to drop significantly, potentially making the island less attractive to the tourism industry that powers the local economy.
  • The policy may have a limited geographic impact initially, affecting only about half of legally operated short-term rentals in West Maui near the Lahaina burn zone by no later than 2025.
  • The crisis stems from a net loss of housing since 2019, where high demand for tourist rentals prevents new dwellings from being built, forcing thousands of displaced wildfire survivors to rely on hotels usually reserved for tourists.