Airbnb Forecasts Upbeat Revenue as International Travel Rebounds

8/10/2023

Airbnb forecast third-quarter revenue above market estimates on Thursday, as it expects to gain from a rebound in urban and international travel. Airbnb, which receives a majority of its revenue from outside the United States, said global cross-border bookings rose 16 percent in the second quarter from a year earlier and more guests were returning to cities, with urban nights booked increasing by 13 percent year-over-year. However, its average daily rate globally rose just 1% to $166.

Reuters (08/04/23) Oladipo Doyinsola

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