Airbnb bets on summer of travel to drive revenue growth | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
July 23, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JULY 23, 2025
Airbnb bets on summer of travel to drive revenue growth

Global Economy

Reuters
04 May, 2022, 09:10 am
Last modified: 04 May, 2022, 09:13 am

Related News

  • Barcelona protesters demand affordable rents as Spain juggles tourism impact
  • Airbnb reports sunny summer as travel rebound persists
  • Airbnb reports soaring revenue as travel rebounds
  • Airbnb makes ban on parties permanent
  • Airbnb says will shut domestic business in China from July 30

Airbnb bets on summer of travel to drive revenue growth

Reuters
04 May, 2022, 09:10 am
Last modified: 04 May, 2022, 09:13 am
Small toy figures are seen in front of diplayed Airbnb logo in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration
Small toy figures are seen in front of diplayed Airbnb logo in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration

Vacation rental firm Airbnb Inc projected second-quarter revenue above market estimates on Tuesday, betting on pent-up demand to drive a summer of strong travel after Covid-19 curbs were eased globally.

The San Francisco-based firm expects revenue between $2.03 billion and $2.13 billion, compared with the average analyst expectation of $1.96 billion, according to Refinitiv data.

The rise of hybrid working has in recent months encouraged people to book longer and more frequent stays in destinations away from cities, giving a boost to rental providers.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"We are going to continue to see continued and sustained growth for stays of longer than a month and stays of longer than a week," Chief Executive Brian Chesky said on a call with analysts.

Shares of the company rose more than 4% in extended trading.

Airbnb, which made a slew of changes to its service last year to take advantage of the post-pandemic travel surge, said it posted the strongest growth in gross nights booked in non-urban areas in the first three months of 2022.

Gross booked nights in urban destinations also rose sharply to above pre-pandemic levels, while the number of nights and experiences booked - a key metric of the platform's performance - exceeded 100 million for the first time.

That along with a 37% surge in average daily rates over 2019 levels drove Airbnb's revenue 70% higher from a year earlier. The company reported a net loss of 3 cents per share which was much smaller than analysts' estimates.

"Airbnb exceeded expectations on almost every line item, with strong bookings trends for the summer and balance of the year," Baird Equity Research analyst Colin Sebastian said.

"Travel recovery in urban areas, cross-border and APAC (Asia-Pacific) should fuel additional bookings growth in the coming quarters/years," he added.

Top News / World+Biz

Airbnb

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The meeting is being held at the chief adviser’s official residence Jamuna. Photo: CA Press Wing
    Signs of conspiracies by defeated forces becoming visible: CA Yunus
  • BNP Secretary General Mirza Fakhrul Islam Alamgir. File Photo: Collected
    CA will soon make formal announcement on election to eliminate all ambiguity: Fakhrul
  • Zubaidur Rahman. Photo; Courtesy
    Zubaidur Rahman appointed chairman of Islami Bank

MOST VIEWED

  • Screengrab/Video collected from Facebook
    CCTV footage shows how Air Force jet nosedived after technical malfunction
  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Why Bangladesh's capital market is poised for a bull run
    Why Bangladesh's capital market is poised for a bull run
  • ISPR clarifies crashed plane was battle aircraft, not training jet
    ISPR clarifies crashed plane was battle aircraft, not training jet
  • Photo: Syed Zakir Hossain/TBS
    Secretariat protest: 75 injured in police-protester clash over edu adviser's resignation for delaying HSC rescheduling
  • Exim Bank's former chairman Nazrul Islam Majumder being taken to court on 22 July 2025. Photo: Collected
    Will repay all money if granted bail, won’t run away, ex-Exim Bank chair Nazrul tells court

Related News

  • Barcelona protesters demand affordable rents as Spain juggles tourism impact
  • Airbnb reports sunny summer as travel rebound persists
  • Airbnb reports soaring revenue as travel rebounds
  • Airbnb makes ban on parties permanent
  • Airbnb says will shut domestic business in China from July 30

Features

Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: TBS

Mourning turns into outrage as Milestone students seek truth and justice

21h | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

1d | Panorama
Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Ghagra: Where dreams rise from dust for Bangladesh women's football

3d | Panorama

More Videos from TBS

Why Do Money Exchanges Offer Higher Dollar Rates?

Why Do Money Exchanges Offer Higher Dollar Rates?

7m | TBS Programs
The medical board says that 13 people are in critical condition.

The medical board says that 13 people are in critical condition.

1h | TBS Today
Hasnat Abdullah demands resignation of Health Adviser

Hasnat Abdullah demands resignation of Health Adviser

1h | TBS Today
What is the latest status of Milestone?

What is the latest status of Milestone?

1h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net