Airbnb: Global Growth on Strong Demand
Here's our initial take on Airbnb's (NASDAQ: ABNB) fourth-quarter financial report.Airbnb benefited from resilient travel demand in the fourth quarter, fueled by "acceleration in growth" in nights and experiences booked, particularly in Asia and Latin America.The company grew nights and experiences by 12% for the quarter and 10% for the year, helping Airbnb to exceed expectations in the quarter. Cross-border travel drove the growth in the Asia Pacific region as Airbnb continues to see the benefit of a gradual post-pandemic recovery of outbound travel from China.Continue reading
Here's our initial take on Airbnb's (NASDAQ: ABNB) fourth-quarter financial report.
Airbnb benefited from resilient travel demand in the fourth quarter, fueled by "acceleration in growth" in nights and experiences booked, particularly in Asia and Latin America.
The company grew nights and experiences by 12% for the quarter and 10% for the year, helping Airbnb to exceed expectations in the quarter. Cross-border travel drove the growth in the Asia Pacific region as Airbnb continues to see the benefit of a gradual post-pandemic recovery of outbound travel from China.
