Airbnb Q3 Revenue Sets New Record
Airbnb is reporting its strongest quarter ever in Q3 this year, with revenue topping $2.2 billion – a 36% jump over the same pre-pandemic period in 2019 (+70% from 2020’s $1.3 billion).
Here are some booking insights the company provided:
- Travel outside of urban destinations has grown, with gross nights booked within 300 miles of a guest’s home increasing 40% in Q3 2021, up from 32% in Q3 2019.
- Cross-border travel increased to 33% of gross nights booked in Q3, up from 27% in Q2 2021 and 20% in Q1 2021.
- Urban travel is “gradually improving,” the company says, with Airbnb’s top 10 cities representing 6% of gross revenue in Q3 2021, down from 11% in Q3 2019.
- Long-term stays (28 days or more) remained Airbnb’s fastest-growing category by trip length and accounted for 20% of gross nights booked in Q3 2021, up from 14% in Q3 2019.
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