In 2022, Airbnb’s numbers show that this lag can still be felt. Europe, due to higher restrictions on travel across the continent and a drop in international arrivals, only really bounced a year later. In Summer 2020, a vacation rental boom started in the US. We also saw gross nights booked for cross-border travel not only surpass pre-pandemic levels, but double compared to Q2 2021, demonstrating the tremendous recovery compared to last year. Gross nights booked to high-density urban areas in Q2 2022 accelerated from Q1 2022, and once again exceeded pre-pandemic levels. As the impact of the pandemic recedes but macro conditions persist, we expect a continued, albeit choppy, recovery of cross-border travel to be a further tailwind to future results. Gross nights booked for cross-border travel exceeded 2019 levels in Q2 2022, up from 56% of 2019 levels in Q2 2021. The demand for international trips has finally roared back to life and it has benefited Airbnb. Think of a young American couple booking 4 nights in Paris. How Airbnb is performing internationally: The US still doing amazing, Europe lagging a bit, Asia still a drag The return of international travelīefore the pandemic, the most frequent use case for Airbnb was 2 people booking an apartment in a big city abroad. Now, Airbnb can once again boast it large share of urban bookings: Since March 2020, the company had insisted at great length on how its non-urban bookings were growing. We have nearly every type of space and nearly every type price point.Ī key point for Airbnb is that two of its main growth engines, cross-border travel and urban bookings, have also sputtered back to life. We are in nearly every community in the world. I think that really the key important thing here is that our model is obviously incredibly adaptable. It’s good to remember that before the pandemic, our bread and butter was cross-border and urban when the pandemic occurred, that got primarily shut off and yet our business recovered because people were using differently. For instance, they started using it for domestic stays in non-urban areas as well as to book stays over 1 month. In Q3 2022, we anticipate the highest quarterly revenue in Airbnb history.īrian Chesky pointed out that during the earnings call that Airbnb’s near-death experience in March 2020 ultimately created new use cases for the guests to use the platform. On July 4th, we recorded our highest single-day revenue ever, signaling the strong summer season ahead. We are in the midst of our strongest peak travel season yet.

Air bnb earning