Airbnb sees record bookings despite recession fears

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 99%

Holiday Holiday Headlines News

Holiday Holiday Latest News,Holiday Holiday Headlines

Airbnb on Tuesday reported strong revenue growth and a new record for bookings during the first three months of the year, in a sign that demand for travel remains strong despite lingering recession fears.

The company reported revenue for the quarter grew 20 per cent to US$1.8 billion, just beating Wall Street's estimates. The company said nights and experiences booked on the platform hit a record high of over 120 million last quarter."More guests are traveling on Airbnb than ever before," CEO Brian Chesky said on a call with analysts Tuesday. "We've seen our highest number of active bookers ever, despite continued macroeconomic uncertainties.

Airbnb also reported net income of some US$117 million, compared to a net loss in the same period last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 1. in HOLİDAY

Holiday Holiday Latest News, Holiday Holiday Headlines