Airbnb’s Q2 2024 performance report reveals a revenue of $2.748 billion, marking an 11% increase from the same quarter last year, with a net profit of $555 million.
Key performance indicators for Airbnb include a 9% increase in total bookings and platform activities, totaling 125.1 million nights, and a total booking value of $21.2 billion, up by 11%, setting a new record for the second quarter. Notable growth was seen in the Asia-Pacific and Latin America regions.
During the earnings call, CEO Brian Chesky hinted at company’s plans for revenue growth through new services like Co-hosting, matching homeowners who lack time to manage rentals with individuals able to assist. This initiative aims to increase opportunities for new listings on the platform. Additionally, Airbnb plans to reintroduce Experiences, allowing users to book tours and activities beyond accommodations, a service previously suspended but now set for a comeback.
Source: Airbnb and TechCrunch
TLDR: Airbnb’s Q2 2024 report shows a revenue increase of 11%, with innovative strategies like Co-hosting and Experiences to drive further growth and expansion in the market.
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