Airbnb bookings jump 52% as vaccinations spur vacation rental demand

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People in some countries are already planning their getaways.

Gross bookings jumped 52% to $10.29 billion in the quarter, easily beating analysts' estimates of $6.93 billion.

The San Francisco-based company expects second-quarter revenue to be similar to 2019 levels, adding that the return of urban and cross-border travel is likely to underpin growth over the coming quarters. The company has weathered the pandemic better than rivals as people turned to its offering of larger spaces and locations away from major cities in the era of social distancing.

Airbnb, however, said it was too early to predict if the recovery momentum would continue at the same pace in the second half of 2021.

 

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