Airbnb Gives Weak Outlook, Citing Softness in US Travel Demand
Takeaways by Bloomberg AI
Airbnb Inc. issued a weak outlook for the second quarter, following online travel peer Booking Holdings Inc. in blaming economic uncertainties for softer travel demand in the US.
For the three months ending June 30, the company said growth for the important metric of nights and experiences booked is expected to “moderate” from the 7.9% achieved in the first quarter. That falls short of the 8.6% increase that Wall Street was projecting for the second quarter, according to Bloomberg-compiled estimates.