Airbnb “no let up in Demand “ Airbnb Inc. ended 2023 stronger than analysts’ had expected and gave an optimistic outlook for the start of this year, fuelled by growth in international markets and suggesting that the post-pandemic travel boom has yet to run out of steam.
Guest demand remains strong — especially among first-time bookers,” Airbnb said in the letter. The company had warned in November that it was seeing “greater volatility” globally early in the last quarter, due to economic and geopolitical issues. But then, bookings accelerated throughout the rest of the year.
Airbnb’s results suggest there is still pent-up travel demand, especially in regions that were slower to return to normal life after COVID-era lockdowns. Airlines, hotels and other travel companies, including Airbnb, saw record demand over the summer, a phenomenon dubbed “revenge travel,” as people proved willing to swallow high fares for flights and lodging to fulfill their lost pandemic itineraries.
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