Airbnb’s first-quarter revenues showed a strong recovery in travel in North America as restrictions eased, with guests paying higher rates for bigger and more rural properties.
Airbnb’s quarterly revenue of $887m was up 5 per cent on the same period last year. Wall Street had expected $721m in revenue for the quarter.
The number of bookings — 64.4m — was up 13 per cent on last year’s first quarter, while the average daily rate was $160, up 35 per cent year-on-year.
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