A few key insights from the latest Airbnb financials about global traveling trends.
With Q3 revenue of $2.9 billion, Airbnb recorded its highest quarter ever.
This shows that the traveling industry is not only at the pre-pandemic level but has also passed it!
Some core trends:
Remote work, long-term stays, and de-urbanization: as many knowledge workers keep traveling, they prefer longer stays and might still choose exotic locations outside urban environments.
Urban and cross-border travel is back in full force. This shows that short-term trip is still skewed toward international travel toward high-density urban destinations.
New Hosts on Airbnb, which also shows that many hosts are turning into entrepreneurs, able to build a substantial income stream on top of Airbnb. It might also happen due to a weaker job market, where becoming a host becomes an opportunity to make extra income (Airbnb gained traction through the 2008-9 financial crisis).
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
