Airbnb Slides as Bookings Slow Amid Higher Average Prices
- Consumers showing willingness to spend on travel, go farther
- International bookings complement an increase in North America
The Airbnb website.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Airbnb Inc. shares slid after the company reported a slower pace of growth in the number of nights booked as prices for lodging remain high.
People booked 115.1 million nights and experiences on the home-rental platform in the second quarter, up 11% from a year earlier but the slowest pace of growth since the pandemic shutdowns. Analysts had forecast 117.8 million nights. In the current quarter, Airbnb said it expects a “modest” sequential increase in nights and experiences booked and that revenue will outpace nights and experiences due to continued resilience in prices.