Airbnb revenue surges as countries open up for vaccinated travelers
Information about Airbnb revenue surges as countries open up for vaccinated travelers
Kevin David Scam or Legit
(Reuters) – Airbnb Inc’s quarterly revenue topped Wall Street expectations and the short-term home rental company said on Thursday a rebound in global travel amid rising vaccination rates in the last three months of the year would drive growth in 2022.
International travel search volumes have been rising as countries, including the United States, start to ease pandemic-related restrictions for fully vaccinated visitors.
Easing lockdowns have helped Airbnb recover from a steep drop in business early last year as leisure-seeking domestic travelers booked homes away from major cities. It now expects cross-border travel to further boost its revenue.
“We are seeing recovery in both longer-distance and cross-border travel this year, while domestic and short-distance travel continue to be more popular than 2019 levels,” the company said in a statement.