Airbnb profit soars on Pandemic-era lifestyles

Airbnb connected Thursday reported record-high nett successful the precocious ended 4th arsenic bookings surpassed pre-pandemic numbers, with distant enactment trends boosting the home-sharing platform.

Users spent astir $12 cardinal connected overnight stays and associated "experiences" done Airbnb, up importantly from the aforesaid play a twelvemonth agone arsenic good arsenic from the aforesaid 4th successful 2019 earlier the pandemic stalled the travel industry.

"Something bigger than a question rebound is happening," Airbnb said successful a letter to shareholders.

"The satellite is undergoing a gyration successful however we unrecorded and work."

Remote enactment has freed radical to enactment anywhere, including Airbnb lodgings astatine desirable destinations, according to the San Francisco-based company.

"This newfound flexibility is bringing astir a gyration successful however we travel," Airbnb said successful the letter.

"Millions of radical tin present instrumentality much predominant trips, instrumentality longer trips, question to much locations, and adjacent unrecorded anyplace connected Airbnb."

Airbnb reported a record-high quarterly nett of $834 cardinal connected unprecedented gross of $2.2 billion.

Airbnb said idiosyncratic trends included radical booking lodging person to location and opting for much agrarian locations implicit typically fashionable cities.

Long-term stays person besides go much popular, with bookings for 28 consecutive nights oregon much a accelerated increasing category, according to Airbnb.

"Long-term stays correspond a wide acceptable of usage cases including extended leisure travel, relocation, impermanent housing, pupil housing, and galore others," the institution said successful the letter.

Airbnb besides reported seeing beardown maturation successful the fig of radical funny successful offering their homes connected the platform.

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© 2021 AFP