I’m cheering from the banks of the Seine in a plastic rain poncho, my dress soaked and loafers sloshing. The rain has not let up once during the four-hour Opening Ceremony, but as we watch boatloads of beaming athletes float past us one by one waving their national flags, my smile could not be wider. By the time the evening comes to an end, Celine Dion is belting Hymne a l'amour from a glittering Eiffel Tower—some in the crowd cry, others dance, or FaceTime family—and a contagious sense of universal joy ripples across Paris.
The Airbnb Growth Juggernaut Just Slowed
07.08.2024 - 00:18 / skift.com / Paris Olympics / Dennis Schaal
A year ago, in the second quarter of 2023, Airbnb could boast 18% revenue growth. Its gross booking value climbed 13%, and room nights and experiences jumped 11%.
Results for this year’s second quarter, announced Tuesday, showed slowing in several key areas — and its outlook for the third quarter represents more of the same.
Consider that:
Still, the company pointed to many positives during the second quarter. For example, its number of active listings jumped to 8 million — from more than 7 million a year earlier — despite erasing 200,000 listings since April because of quality issues.
Airbnb points to its rollout of Airbnb Icons as improving the positioning of the Airbnb brand, and helping in expansion beyond its core home-sharing business. Icons has attracted nearly 40 million views and more than 850 million social media impressions since its its introduction in May, the company said.
Airbnb said nights booked during the Paris Olympics in the second quarter were more than twice the nights booked a year earlier.
“While the impact of a single city for a limited duration is relatively small compared to the total nights booked in a region, we believe Airbnb is crucial for accommodating the increased influx of visitors in cities during special events, providing varied and affordable lodging options and supporting the overall economic growth of the city,” Airbnb’s second quarter shareholder letter said.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
skift.com
09.08.2024 / 22:42
Vacasa Lost 9% of Its Vacation Rentals in the Last Year
Vacasa was managing 40,000 homes at the end of the second quarter, 4,000 fewer than a year earlier, as owners express displeasure with rates and revenue, as well as with owner-company communications.
skift.com
08.08.2024 / 22:11
Expedia's Growth Topped Rivals', but Notes 'Softening' Demand
Like others in the travel industry, Expedia Group saw a “challenging” global economy and “softening” travel demand in July.
euronews.com
08.08.2024 / 19:22
Nine out of 10 of the world’s most beautiful cities are in Europe, according to new ranking
Europe dominates in a new ranking of the world’s most beautiful cities, filling nine of the top 10 spots.
insider.com
08.08.2024 / 16:59
I flew business class for the first time with KLM. My 7-hour flight with the Dutch airline even ended with an amazing free gift.
As someone who's traveled to over 40 countries, there was one thing I never checked off my travel bucket list: flying business class. I always walked past the lie-flat seats and dreamed one day I would be able to.
breakingtravelnews.com
08.08.2024 / 08:06
Surge in Longer Stays in the Southwest Is Driving Early Summer Bookings for Landal GreenParks UK
Landal GreenParks UK, the UK’s fastest growing company offering holiday breaks in nature, has seen a 24% YoY increase in summer bookings driven by longer staycations in the Southwest region.
skift.com
07.08.2024 / 21:03
Disney CEO Sees ‘Flat-ish’ Theme Park Revenue Amid ‘Slowdown’
Disney expects theme parks attendance and revenue to soften in the coming months, executives said in an earnings call Wednesday.
lonelyplanet.com
07.08.2024 / 20:28
The 9 most sensational places to visit in Malaysia
Aug 7, 2024 • 8 min read
insider.com
07.08.2024 / 13:57
Skip the tourist traps and high prices in Amsterdam — take a short train ride to this beautiful gem instead
The Netherlands is famous for its capital city, Amsterdam, but the country has much more to offer visitors.
skift.com
07.08.2024 / 12:54
Airbnb's Slow Growth, IHG’s Good Growth and Travel’s Recession Worries
Good morning from Skift. It’s Wednesday, August 7, and now here’s what you need to know about the business of travel today.
insider.com
07.08.2024 / 11:53
Greece is in the middle of an anti-cruise rebellion, with locals complaining about over-tourism and trashed streets
An anti-cruise rebellion is afoot in popular tourism destinations in Greece.
skift.com
06.08.2024 / 23:40
Airbnb CEO: We'll Relaunch Experiences in 2025
Airbnb plans to relaunch its experiences business next year with some twists: They will need to be cheaper than they currently are to attract Gen Zers, they must be more exclusive to Airbnb, and they'll be marketed through video.