Airbnb forecasts upbeat revenue

The company continues to see signs of travelers returning to cities, historically one of the strongest areas of its business

Aug 4, 2023

The company expects to gain from a rebound in urban and international travel but firms with significant U.S. exposure are losing domestic business as more consumers opt for vacations abroad.

Key takeaways

  • Global cross-border bookings rose 16% in the second quarter from a year earlier and more guests were returning to cities, with urban nights booked increasing by 13% year-over-year;
  • However, average daily rate globally rose just 1% to $166, as the company said it was looking to moderate price hikes for consumers. Daily rates in North America decreased 1%;
  • Airbnb's second-quarter revenue rose 18.1% to $2.48 billion, ahead of analysts' estimates of $2.42 billion. Gross bookings rose 13% to $19.1 billion, in line with expectations.

Get the full story at Reuters and Airbnb

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