14.May .2021 16:30

Airbnb Predicts Unprecedented Rebound in Travel

Airbnb Predicts Unprecedented Rebound in Travel
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Online booking platform Airbnb is predicting a travel rebound "unlike anything we have seen before" after seeing a big jump in holiday bookings.
 
In the first three months of the year, US bookings beat pre-pandemic levels, while there was a "steady improvement" in business in the UK and France.

Demand for breaks has risen as some countries emerge from lockdowns.

Booking values jumped 52% to $10.3bn (£7.3bn) as customers snapped up long-term stays and rural properties.
 
However, although Airbnb's revenue rose to $886.9m in the quarter, it reported a net loss of $59m as it paid back Covid-related loans.
 
The San Francisco-based firm has fared well in comparison with other hospitality businesses, with consumers showing a preference for more space and properties away from city centres during the pandemic.
 
In the three months to 31 March, holiday bookings for families have also outpaced those for smaller groups or solo travellers, it said.
 
"While conditions aren't yet normal, they are improving, and we expect a travel rebound unlike anything we have seen before," said Airbnb co-founder and chief executive Brian Chesky