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Airbnb benefits from high booking prices and predicts ‘strong’ summer

Rental company announces $2bn share buyback programme

Continued high booking prices helped Airbnb to strong second-quarter revenues, as the accommodation site continued to capitalise on consumers’ pent-up demand for travel.

The company on Tuesday reported 103.7mn “nights and experiences” booked on the platform in the April-June period, below the 106.4mn Wall Street had expected. Revenue was in line with expectations at $2.1bn, up 25 per cent on 2021.

The average price per night on the platform was $163.74, lower than the previous quarter but still 40 per cent above pre-pandemic levels, the company said.

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