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Monday, May 6, 2024

Airbnb upbeat as tourism rebounds

Company credits its ability to adapt to consumer trends as a big part of its success

Mr Blecharczyk says tourism can fuel a greater comeback this year for Airbnb, particularly as Asia has fully reopened its borders.

Airbnb closed 2022 with an impressive turnaround as the pandemic-hit business reported its first annual profit on revenue growth of 40% to US$8.4 billion, with net income of $1.9 billion.

The company remains optimistic that tourism can fuel a greater comeback this year, particularly as Asia has fully reopened its borders, said Nate Blecharczyk, co-founder and chief strategy officer, during an interview with the Bangkok Post.

“We’re a much larger company in 2022 than we were in 2019. In…

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