{"id":14826,"date":"2021-11-05T15:24:49","date_gmt":"2021-11-05T19:24:49","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=14826"},"modified":"2021-11-22T17:19:43","modified_gmt":"2021-11-22T22:19:43","slug":"airbnb-revenue-surges-with-vaccinated-travelers-returning","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/airbnb-revenue-surges-with-vaccinated-travelers-returning\/","title":{"rendered":"AirBnB Revenue Surges With Vaccinated Travelers Returning"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Alternative accommodation provider Airbnb&#8217;s quarterly revenue bested Wall Street forecasts amid a rebound in global travel due to rising vaccination rates in the final three months of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Easing lockdowns have supported Airbnb&#8217;s recovery from a sharp drop in business early last year as leisure travelers booked homes away from major cities, and the company is optimistic that the increase in cross-border travel will boost its revenue further.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Leading the recovery was North America and Europe &#8211; regions with higher average daily rates, with daily rents up 15% year-on-year to $149 in the third quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Airbnb, 40% more nights were booked in the United States during the Thanksgiving week as of September 30 than in the same period last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, gross bookings rose 48.8% to $11.9 billion, below market expectations of $12.23 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, revenue rose 66.7% to $2.24 billion, exceeding forecasts of $2.05 billion, and net income nearly quadrupled to $833.9 million compared to 2020.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Airbnb expects fourth-quarter revenue of between $1.39 billion and $1.48 billion, close to analysts&#8217; estimates of $1.44 billion.<\/p>\n\n\n<p>For more information, you may view the <a href=\"https:\/\/www.reuters.com\/business\/airbnb-revenue-surges-countries-open-up-vaccinated-travelers-2021-11-04\/\">original story<\/a> from Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Alternative accommodation provider Airbnb&#8217;s quarterly revenue bested Wall Street forecasts amid a rebound in global travel due to rising vaccination rates in the final three months of the year.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-14826","post","type-post","status-publish","format-standard","hentry","category-companies"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/14826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=14826"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/14826\/revisions"}],"predecessor-version":[{"id":14880,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/14826\/revisions\/14880"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=14826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=14826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=14826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}