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Airbnb said this week that it expects travelers to book fewer nights in the second quarter than last year. CEO Brian Chesky told analysts that he expects hosts could be motivated to reduce their nightly rates to stay booked. on Tuesday, the company cautioned that people who followed their wanderlust during spring and summer 2022 did so because of pent-up demand from the Omicron COVID-19 variant that scuttled travel plans earlier that year.
Airbnb is still anticipating a wave of summer travel that it said will lead to a 14% increase in revenue during the second quarter, from $2.1 billion in 2022 to around $2.4 billion in 2023. which has fueled whispers of a so-called Airbnbust
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