On July 1, Airbnb fell 3.11% in regular trading, trading at $142.74/share, with turnover of $206 million. The decline came after a US judge denied Airbnb's motion to dismiss a Los Angeles lawsuit alleging the company engaged in price gouging following the 2025 wildfires.

The ruling means Airbnb will continue to face legal proceedings over accusations that its platform facilitated excessive pricing during a natural disaster emergency, adding litigation risk to the company's outlook. The broader Hotels, Resorts & Cruise Lines sector also traded lower, with Booking Holdings down 2.44%, Carnival down 2.55%, Marriott down 1.39%, Royal Caribbean Cruises down 1.26%, and Hilton down 0.28%, suggesting compounding sector-wide pressure alongside the company-specific legal headwind.

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