The travel rebound is very, very good for Airbnb, which just brought in more money than any other quarter, even though the average booking price is down $ 12 per day.
A trip to Fisherman’s Wharf will show you that tourism is picking up in San Francisco, a trend that will hopefully skyrocket when restrictions on international travelers are lifted here in the United States on Monday, November 8. It’s great for hotels, bartenders, and giveaways. stores, but it’s apparently even better for Airbnb. In its quarterly earnings call Thursday, Airbnb announced record revenue and record quarterly income of $ 834 million.
“Something bigger than a travel rebound is happening. The world is undergoing a revolution in the way we live and work,” said co-founder and CEO Brian Chesky on the call. “For the first time ever, people can travel anytime, anywhere, for any length of time, and live on Airbnb. This trend towards more flexibility will only accelerate.”
Okay sure he’s going to say people can “live on Airbnb,” every type of founder / CEO thinks people want to metaverse their stupid brand into the entirety of our everyday existence. But he might have a point that companies will be more supportive of remote working, even when the pandemic will hopefully subside further, so Airbnb might be in a good position to book more stays for people who work while traveling, always need a reliable connection. fi, and dislikes traditional hotels and motels.
Except that Airbnb no longer calls them “stays”, they call them “experiences”. And they landed 80 million in Q3 2021, which is great compared to dismal 2020, but actually down 7% from 2019. Still, the company is probably in a good position given the demand. of pent up trips. , but be prepared if you live next to a terrible Airbnb house.
CNBC has a very comprehensive account of Airbnb’s quarterly numbers, and they find an interesting quirk: The average price per night is going down. “The company’s average daily rates have fallen to $ 149 from about $ 161 last quarter,” CNBC said.
Related: Airbnb gets shot for asking people to donate money to host owners [SFist]
Image: @ stephen2002 via Unsplash