Airbnb reported second-quarter results and a third-quarter sales forecast that topped Wall Street's estimates.
Vacation-home rental platform Airbnb Inc. on Thursday reported second-quarter results and a third-quarter sales forecast that topped Wall Street’s estimates, as people sought longer stays and bigger properties in higher-priced areas amid an extended rebound in travel.The... Vacation-home rental platform Airbnb Inc.
Gross bookings came in at $19.1 billion. Customers booked 115.1 million nights and experiences with Airbnb during the quarter. Management also said more travelers were coming back to cities. They were also traveling longer distances. Cross-border nights booked rose 16% year over year during the quarter. The company has tried to expand internationally, in countries like Germany and Brazil, but executives said “the mix of international travel hasn’t yet returned to pre-pandemic levels.”
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