(Reuters) – Airbnb on Tuesday reported a better-than-expected revenue forecast for the current quarter, saying it expected to benefit from strong levels of cross-border travel and citing longer-term bookings.

While domestic demand has reached a plateau in North America, international travel is expected to continue to grow this year, due to increased air connections across the world, particularly to Asia and Latin America. .

Airbnb said it expected revenue of between $2.03 billion and $2.07 billion for the January-March period, while the consensus was for $2.03 billion according to LSEG data.

The stock of the San Francisco-based company climbed 9% in after-hours trading.

For the current quarter, growth in the number of nights booked is expected to have slowed, Airbnb said, as 98.8 million room nights and “experiences” were recorded in the October-December period – an increase of 12% on a year-on-year basis. year.

Airbnb’s revenue for the fourth quarter of 2023 was $2.20 billion, beating the group’s forecast.

However, it suffered a net loss of $349 million in the October-December period, as additional taxes on its income in Italy took its toll.

(Reporting by Aishwarya Jain in Bangalore and Doyinsola Oladipo in New York; by Jean Terzian)

Copyright © 2024 Thomson Reuters