Airbnba company that offers a platform to offer accommodation, presented its first 11% drop in its shares on the Wall Street Stock Market on May 10. Decrease occurred after having an upward trend that even reached a rise of 49%.
The decrease occurred after the company issued a letter stating that it expects revenues of US$2.350 and US$2.450 million for this 2023, which represents an annual growth of 12% and 16%. However, he specified that it would be a lower and “unfavorable” elevation, compared to the growth of the last few monthsmainly due to the suppressed demand of 2022 after the omicron variant of COVID-19.
“We expect year-over-year growth in nights and experiences booked in Q2 2023 less than our revenue growth over the past quarter”, can be read in his report.
The company also stated that the average daily rate (ADR) continues to demonstrate “resiliency” in Europe, the Middle East and Africa (EMEA), and North America, but—as with bookings— they anticipate it to be “slightly lower” during the following months of this year, compared to 2022.
Airbnb closed 2022 with net benefits of US$1,893 million. Likewise, in the first quarter of 2023, it increased by 20% and reached US$1.8 billion.
Peru, according to the data intelligence company Transparent, is the fifth country with the most vacation rental properties: it accumulates approximately 44,966 vacation rental properties, as of February of this year.
At the Latin American level, Airbnb has presented an increase of 62% between 2018 and 2022, reported the data company.
Source: Larepublica
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