Bookings on Airbnb hit a new high in this year's first quarter, the home rental platform reported.
Airbnb plans to announce major changes to its app as the home-sharing platform hopes to ride a global rebound in travelBookings on Airbnb hit a new high in this year's first quarter, the home rental platform reported Tuesday, in a fresh signal that travel demand stifled by the Covid-19 pandemic is being unleashed.
Revenue in the first quarter was $1.5 billion, up 70 percent from the same period a year earlier, the company said, adding that its quarterly loss shrank to $19 million from a loss of $1.2 billion in the first quarter of 2021. "Looking further ahead, travel recovery in urban areas, cross-border and should fuel additional bookings growth."
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