Airbnb's sales forecast tops estimates on strong travel demand

Demand is remaining resilient so far this year, with travelers booking trips further in advance

Feb 15, 2023

Airbnb gave an outlook for revenue in the first quarter that beat analysts’ estimates, signaling that travel demand remains robust even after a record year for growth in 2022.

Key takeaways

  • The company expects sales of $1.75 billion to $1.82 billion in the three months ending in March, easily clearing analysts’ average projection of $1.68 billion;
  • The number of nights and experiences booked to grow at close to the same 20% pace of the fourth quarter;
  • Airbnb’s results follow those last week of Expedia, which was also upbeat about the current quarter and said lodging bookings in January grew 20% over pre-pandemic 2019.

Get the full story at Yahoo! Finance

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