The number of tourists seeking a foreign city break is rising, Airbnb said, which has recorded its first full year of profitability thanks to higher prices and a global travel rebound.
Cross-border trips in the fourth quarter of 2022 were up 49 per cent year-on-year, the company said on Tuesday, with stays in “high-density urban areas” up 22 per cent versus the same period in 2021.
Outbound travel from the Asia-Pacific region showed the strongest growth globally, the company said, as China lifted Covid-19 travel restrictions. Nights booked by travellers from the region were up 40 per cent during the final quarter of 2022 versus the same period in 2021.
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