Airbnb Inc. gave a forecast for revenue in the current quarter that easily surpassed Wall Street’s estimates as the company sees “substantial demand” for travel heading into the busy summer season after more than two years of Covid-19 restrictions. Second-quarter revenue will be $2.03 billion to $2.13 billion. That topped the average analyst’s estimate of $1.97 billion, according to data compiled by Bloomberg.
” Despite reporting results that were in line with analysts’ estimates, Expedia shares fell 17%, the most since March 2020 as concern about inflation, which is running at its hottest in nearly four decades, and the risk for recession begins to cloud the vision. Travel companies from hotels to airlines have been saying consumers are willing to pay the rising prices so far, but there appears to be a limit. Hilton Worldwide Holdings Inc.
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