Nov 05, 2021 11:35:00

Private lodging service 'Airbnb' recorded sales of 250 billion yen, which is higher than before the pandemic, and net income also increased by 280% year-on-year, the highest ever

Airbnb , a private lodging brokerage service, reported its financial results for the third quarter of 2021 (July-September). Travel demand has recovered as the effects of the pandemic of the new coronavirus infection (COVID-19) are diminishing, with sales of $ 2,237 million and net income up 280% year-on-year. It was 834 million dollars (about 95 billion yen), both of which were record highs.

Airbnb_Q3-2021-Shareholder-Letter_Final.pdf
(PDF file) https://s26.q4cdn.com/656283129/files/doc_financials/2021/q3/Airbnb_Q3-2021-Shareholder-Letter_Final.pdf

Airbnb third quarter 2021 financial results
https://news.airbnb.com/airbnb-third-quarter-2021-financial-results/

Airbnb revenue surges as countries open up for vaccinated travelers | Reuters
https://www.reuters.com/business/airbnb-revenue-surges-countries-open-up-vaccinated-travelers-2021-11-04/

Airbnb profits surge 280% in third quarter
https://www.cnbc.com/2021/11/04/airbnb-abnbearnings-q3-2021.html

Airbnb Reports $ 834 Million 3Q Profit as Revenue Soars | California News | US News
https://www.usnews.com/news/best-states/california/articles/2021-11-04/airbnb-reports-834-million-3q-profit-as-revenue-soars

'The third quarter of 2021 was Airbnb's best quarter ever. Pandemic is our life, work and travel,' said Brian Chesky, CEO of Airbnb, who reported its third quarter financial results on November 4, 2021. Revolutionizing the way Airbnb is, Airbnb is constantly innovating to accommodate new ways of traveling and living. '

Airbnb reported that third-quarter 2021 sales were $ 2.237 billion, up 67% year-over-year, above analysts' forecast of $ 2.05 billion. .. This is a record high, up 36% from pre-pandemic sales in the third quarter of 2019.

In addition, net income increased 280% year-on-year to $ 834 million, which was also a record high, surpassing the pre-pandemic.

Due to the summer vacation in the third quarter, Airbnb sales tend to be higher, especially in the third quarter, compared to the other quarters. As the number of travelers has recovered from the beginning of 2021, the total reservation amount on the platform in the third quarter reached 11.9 billion dollars (about 1.35 trillion yen).

Accommodation and experience bookings increased 29% year-on-year to 79.7 million in the third quarter, with bookings in North America and Latin America in particular 10% to 20% higher than in the same period in 2019, but in Europe and the Middle East.・ It seems that the number of reservations has not returned to the 2019 level in a wide range of Asia.

More than 40% of total overnight stays in the third quarter of 2021 were within 300 miles of home, and relatively nearby travel was on the rise. In addition, the number of reservations in rural areas rather than urban areas increased by more than 40% from the third quarter of 2019, and the ratio of the top 10 cities to total sales also decreased from 11% in the third quarter of 2019 to 6%. And that.

In addition, Airbnb reports that the number of users staying at travel destinations for a long time is increasing due to the increase in companies introducing remote work due to the pandemic. In the third quarter of 2019, 14% of total nights stayed for 28 days or more, while in the third quarter of 2021, 20% were due to long-term stays.

Airbnb expects sales to remain strong in the fourth quarter of 2021, with sales expected to be between $ 1.39 billion and $ 1.48 billion. “Looking at 2022, progress in vaccination and recovery of international travel in the fourth quarter of 2021 will be key themes for growth towards the New Year,” said Airbnb.