Reuters
Airbnb sees strong first-quarter revenue on travel demand, longer stays
(Reuters) -Airbnb Inc forecast on Tuesday a better-than-expected first-quarter revenue after the short-term home rental company reported strong quarterly results on rising domestic travel and longer stays by guests at higher prices. “There’s this entire acceleration in this new category of travel, which is that people are less tethered to an office, so they can now live anywhere,” Chief Executive Officer Brian Chesky said during a conference call with analysts. Airbnb said it expects current-quarter revenue between $1.41 billion and $1.48 billion, higher than analysts’ estimates of $1.24 billion, according to Refinitiv IBES.
