Saudi Press

Saudi Arabia and the world
Friday, Jul 25, 2025

Airbnb bookings hit record high as travel recovers

Airbnb bookings hit record high as travel recovers

Airbnb said travel demand remains strong, despite concerns about economic slowdown and rising prices hitting households.
Nearly 104 million nights and experiences were booked on the platform in the April through June period, a record high for the lodging website.

Long-term stays continued to be the fastest growing type of travel, a shift driven by the rise of remote work.

But international and city travel, which had lagged, have also recovered.

The company said it was now in the middle of its strongest peak summer travel season yet, and it assured investors that it was well poised for whatever may hit the economy.

In fact, a slowdown may actually help the company, executives said.

"Airbnb was founded during the recession," chief executive Brian Chesky said in a conference call with analysts to discuss the company's results.

In the event of another slowdown, he said, "we think a lot of people may turn to hosting once again, so this is a big opportunity for us".

Overall, bookings in the April-June period rose 25% from last year to 103.7 million and up 24% from 2019.

Higher prices helped lift the company's revenue, which surged 58% from last year to $2.1bn.

Nearly half of the company's reservations are for a week or longer, the company said.

Travel demand remains strongest in North America, where bookings are up 37% compared to 2019.

Growth in Europe - while travel has recovered from the pandemic - is lagging that recovery, hurt by factors such as the weaker pound.

The company, which announced in May that it was pulling out of China, said demand remained below pre-pandemic levels in the Asia Pacific region, as Covid restrictions keep Chinese tourists at home.

Despite the removal of China listings in July, Airbnb still has more than 6 million active listings on the platform.

Mr Chesky said the company had now achieved "growth and profitability at scale" and said the firm would both continue to invest in the business, and spend $2bn on buying its own shares, which have fallen this year.

Executives said the buyback programme was a sign of their confidence in the company's future.

The company reported a profit of $379m, compared to a loss of $68m last year.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
×