More than 103 million nights and experiences were booked in April and June
Airbnb has reported record bookings ahead of what it expects will be a strong summer season as the travel and tourism industry continues to rebound.
Marking the company’s largest quarterly number ever, more than 103 million bookings were made from April to June. The figures represent an increase of 25% compared with last year, and 24% compared with the same period in 2019.
This was the company’s most profitable second quarter, with a profit of $379 million compared with a loss of $68 million last year and revenue growth of 58% year-on-year to $2.1 billion.
Data collected from bookings made in Q2 shows that long-term stays of 28 days or more remain the company’s fastest-growing category, increasing by almost 25% from last year and by nearly 90% from the same period in 2019. Travellers are also returning to cities, with bookings for high-density urban areas and cross-border travel surpassing pre-pandemic levels.
In terms of destinations, North America, Europe, Middle East, Africa and Latin America have driven the recovery.
Commenting on the results, Airbnb co-founder and chief executive Brian Chesky said: “The second quarter of 2022 demonstrates we have achieved growth and profitability at scale. Over the last year, we generated $2.9 billion in free cashflow and our Q2 revenue is up more than 70% since Q2 2019. Our strength this quarter is the result of our ability to stay focused and disciplined while continuing to relentlessly innovate.”
For more information, visit www.airbnb.com