SAN FRANCISCO, May 4 — Bookings on Airbnb hit a new high in this year’s first quarter, the home rental platform reported Tuesday, in a fresh signal that travel demand stifled by the Covid-19 pandemic is being unleashed.
Revenue in the first quarter was US$1.5 billion , up 70 per cent from the same period a year earlier, the company said, adding that its quarterly loss shrank to US$19 million from a loss of US$1.2 billion in the first quarter of 2021. “Looking further ahead, travel recovery in urban areas, cross-border and should fuel additional bookings growth.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: