business / news / / Financial Post
Airbnb Inc. boosted its annual forecast on robust bookings in the major markets in the Americas.
Airbnb raised its annual revenue growth forecast to low- to mid-teens, above previous guidance.
KEY POINTS
- Sales and marketing expenses surged 33% year-over-year, outpacing Wall Street expectations by $70 million.
- Airbnb is now listing boutique hotel rooms and offering services like Instacart grocery-stocking and airport car pick-ups.
- More than 100,000 homes in upcoming World Cup host cities have been listed for the first time.
- Asia saw over 75% growth in first-time bookers from India, and Mexico saw continued double-digit growth.
COMPANIES
Summarized by Newsio from Financial Post. How we summarize →