Airbnb Inc's quarterly revenue topped Wall Street expectations and the short-term home rental company said on Thursday a rebound in global travel amid rising vaccination rates in the last three months of the year would drive growth in 2022, reports Reuters.
International travel search volumes have been rising as countries, including the United States, start to ease pandemic-related restrictions for fully vaccinated visitors.
Easing lockdowns have helped Airbnb recover from a steep drop in business early last year as leisure-seeking domestic travellers booked homes away from major cities. It now expects cross-border travel to further boost its revenue.
"We are seeing recovery in both longer-distance and cross-border travel this year, while domestic and short-distance travel continue to be more popular than 2019 levels," the company said in a statement.
The vacation rental said the recovery was dominated by North America and Europe - regions with higher average daily rates. It rose 15 per cent to about $149 in the third quarter from a year earlier.
For the Thanksgiving week in the United States, Airbnb said as of Sept 30, nights booked are 40 per cent higher than same period in 2019.
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