Skift Take
Airbnb naysayers don't have to lose sleep over tanking stock prices just yet. Contrary to the market response to a purported "bookings slowdown," summer travel demand is still high.
The summer of travel is here — despite the murmur of “booking slowdown.”
Shortly after its first quarter earnings a couple of weeks ago, Airbnb shares slid by 12 percent, hovering at $111 after Airbnb executives warned of a likely slowdown in bookings compared to 2022, when it benefited from pent-up post-COVID demand. Airbnb's shares closed at around $109 Monday.
Analysis from short-term rental data provider Key Data dispels some of that fear, finding that the number of nights booked in the second quarter glo