[Travel News]: Airbnb reports 22% revenue decline in Q4, “outperforming hotel groups and OTAs” aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.

The following is the [Travel News]: Airbnb reports 22% revenue decline in Q4, “outperforming hotel groups and OTAs” from [ChinaTravelNews] recommended by

The recovery in Asia Pacific continues to take time.

Airbnb reported a USD 3.9 billion loss in the three months through December in its first earnings since IPO, which included a charge of USD 2.8 billion for stock compensation tied to its initial public offering during the quarter. 

Fourth-quarter revenue fell 22% year-over-year to USD 859 million, demonstrating Airbnb’s resilience. Full-year revenue fell 30% to USD 3.3 billion. In comparison, Marriott, Hilton, Accor and Booking all reported more than 50% decline YoY in annual revenue. “Airbnb continued to outperform hotels and OTAs in December year over year,” KeyBanc analysts wrote in a note.

In Q4 2020, Airbnb delivered 46.3 million Nights and Experiences Booked (net of cancellations and alterations), representing a year-over-year decline of 39%.

On a regional basis, North America has been the most stable region during the pandemic—this continued in Q4 2020. Nights booked in North America (prior to cancellations and alterations) were close to the levels reached in the same quarter of 2019. 

The recovery in Asia Pacific continues to take time, as many countries in the region have historically been reliant on cross-border travel, which remains well below 2019 levels. 

Airbnb said it had been encouraged by its continued resilience and recovery, and was optimistic about the upcoming travel rebound. “Looking forward to 2021, we are preparing for the travel rebound. As the vaccine is rolled out and restrictions lift, we expect there will be a significant travel rebound. Our single priority in 2021 is to prepare for this travel rebound, perfecting our existing product by improving the entire end-to-end experience of our core service for both Hosts and guests.”

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button