The San Francisco-based company forecast revenue for the third quarter between USD3.3bil and USD3.4bil.
The San Francisco-based company forecast quarterly revenue between $3.3 billion and $3.4 billion, ahead of analysts' average estimate of $3.22 billion, according to Refinitiv data.
Airbnb, which receives a majority of its revenue from outside the United States, said global cross-border bookings rose 16% in the second quarter from a year earlier and more guests were returning to cities, with urban nights booked increasing by 13% year-over-year. However, its average daily rate globally rose just 1% to $166, as the company said it was looking to moderate price hikes for consumers. Daily rates in North America decreased 1%.
But short-term rental company Airbnb, which has a large presence in cities, said it saw an acceleration in the total growth of nights booked from the first to second quarters in North America.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine investigating attacks on grain ports as potential war crimesAMSTERDAM (Reuters) - Ukraine's prosecutor general is investigating Russian attacks on its agriculture infrastructure since July as potential war crimes, the office told Reuters on Thursday.
Read more »
Zahid Yayasan Akalbudi trial postponed for him to attend cabinet meeting | The Malaysian InsightZahid Yayasan Akalbudi trial postponed for him to attend cabinet meeting
Read more »
Trump to appear in court on charges that he tried to overturn election(Reuters) - Former U.S. President Donald Trump is due to appear in court on Thursday to face charges he led a wide-ranging conspiracy built on lies to overturn the 2020 presidential election, culminating in a violent attack on the seat of American democracy.
Read more »
China to make it easier for citizens to settle in small and medium citiesBEIJING (Reuters): China will relax restrictions for its citizens hoping to permanently settle in small and medium sized cities, state media reported on Thursday (Aug 3), but changes in the biggest cities such as the capital Beijing will be more limited.
Read more »
Greenpeace oil protesters cover Rishi Sunak's home in black fabricLONDON (Reuters) -Greenpeace protesters draped the private home of British Prime Minister Rishi Sunak in black fabric on Thursday, hanging huge sheets of it from the roof as they stepped up their campaign against his government's policy on drilling for oil.
Read more »
Singer Lizzo denies creating hostile environment for dancers(Reuters) - Grammy-winning singer Lizzo on Thursday denied claims made in a lawsuit filed by three of her former dancers that she created a hostile work environment by engaging in denigrating behavior and body-shaming, calling the accusations 'false' and 'outrageous.'
Read more »