FILE - The Airbnb app icon is displayed on an iPad screen in Washington, D.C., on May 8, 2021. Airbnb Inc. reports quarterly financial results on Tuesday, Feb. 14, 2023. – Airbnb said Tuesday it enjoyed a record 2022, including its first annual profit, and it continues to see strong demand for travel carry over into the new year despite economic uncertainty and high inflation.
Airbnb outperformed hotels when travel began to recover from pandemic-era lows, as some people seemed to prefer the relative isolation of staying in a house rather than a hotel. Chesky said Airbnb can keep that advantage if it provides value to consumers. To take advantage of the rising trend in travel, Airbnb has been expanding its listings by trying to lure more people to post their homes on the platform. The company said that excluding China, it added 900,000 listings last year, pushing its total to 6.6 million. However, that strategy has alienated hosts, who complain about fewer rentals.“If we get too much supply too quickly, then hosts aren't happy because they're not getting enough bookings,” he said.
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