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Vaccinations drive Airbnb bookings up 52 per cent


Vaccinations drive Airbnb bookings up 52 per cent
Airbnb showed resilience despite pandemic restrictions. (Getty Images)
Airbnb beat Wall Street’s expectations for first-quarter gross bookings and revenue on Thursday, as speedy Covid-19 vaccinations and easing restrictions encouraged more people to check into its vacation rentals.
Gross bookings jumped 52 per cent to $10.29bn in the quarter, easily beating analysts’ estimates of $6.93bn.
“For guests aged 60 and above in the U.S., who were amongst the first groups to benefit from vaccine rollouts, searches on our platform for summer travel increased by more than 60 per cent between February and March 2021,” Airbnb said. ....

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Airbnb reports better than expected revenue drop amid biting pandemic restrictions


Airbnb reports better than expected revenue drop amid biting pandemic restrictions
Revenue at Airbnb fell 30 per cent in 2020.
Airbnb suffered a better than expected 22 per cent revenue drop in Q4 2020, having at one stage predicted 2020 revenue could be less than half of what it was in 2019.
Airbnb’s total revenue of $3.4bn for 2020 decreased by only 30 per cent compared with $4.8bn in 2019.
In Q4 2020, revenue of $859m declined only 22 per cent compared with $1.1 billion in Q4 2019, despite the second wave of Covid-19 cases and lockdowns the world experienced in Q4.
Airbnb co-founder and CEO Brian Chesky said: “Our performance in 2020 showed that Airbnb is resilient and inherently adaptable. Travel is coming back and we are laser-focused on preparing for the travel rebound.” ....

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