Business

Live news: Senior US lawmakers express ‘solidarity’ with Ukraine

Airbnb said bookings will rebound to pre-pandemic levels for the first time in the current quarter, with concerns that Omicron will “quickly dissipate” and travelers become more comfortable away.

“Travelers are confident to book for the first summer of the year,” CEO Brian Chesky wrote in a letter to investors, noting that bookings for the peak travel months were 25% higher than in the previous year. with levels seen at the same time in 2019.

“Especially in the US and Europe, we are seeing the lead time for bookings made in Q1 2022 back to pre-pandemic levels.”

He wrote: Latin America has also experienced strong growth, while the Asia-Pacific region is still lagging behind.

In the final quarter of 2021, according to data released on Tuesday, higher prices were the driving force behind higher-than-expected revenue and profit, although nightly bookings have yet to reach their peak. before the pandemic at that time.

Between October and December, the number of “nights and experiences” booked – which includes much smaller events and Airbnb’s tour guide business – grew 59% on the year. 2020, but still 3% below the same level in the 2019 quarter.

But the average nightly fee of $153.61, which is a third more than before the pandemic, has seen total bookings increase 91% year-over-year and 32% year-over-year. Revenue of $1.5 billion was up 78% year over year. and 38% compared to 2019. Airbnb expects revenue between $1.41 billion and $1.48 billion for the current quarter.

Read more about Airbnb results

Source link

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button