Airbnb profit jumps, bookings slow as company nudges hosts to lower prices

South Africa News News

Airbnb profit jumps, bookings slow as company nudges hosts to lower prices
South Africa Latest News,South Africa Headlines
  • 📰 FoxNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 87%

MAKE YOURSELF AT HOME: The company is still trying to encourage hosts to lower their costs, saying that many are 'not booked most nights.'

Airbnb has been battling complaints that high cleaning fees have pushed prices closer to, or even above, hotels for short rentals.

Airbnb had forecast that the average rates customers pay per night would fall slightly in the second quarter compared with last year. The average nightly rate rose 1% to $166 compared with the same period a year ago.CEO Brian Chesky said on a call with analysts that the price that customers book is lower than list prices on average.

A sign displaying the logo of the online lodging service Airbnb hangs outside an apartment building at the Roma neighborhood in Mexico City on February 2, 2023.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FoxNews /  🏆 9. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airbnb profit jumps to $650 million in 2Q, as bookings increase and rental rates hold steadyAirbnb profit jumps to $650 million in 2Q, as bookings increase and rental rates hold steadyAirbnb says its second-quarter profit rose more than 70% from a year ago to $650 million thanks to strong bookings for summer-vacation rentals.
Read more »

10-year-old girl suffers severed spine in I-70 traffic crash near Genesee10-year-old girl suffers severed spine in I-70 traffic crash near GeneseeAn athletic 10-year-old girl who loves soccer, ice skating, skiing, rock climbing and other sports, will never walk again after her spine was severed in an Interstate 70 traffic crash.
Read more »

Pa. searches for homeschooling spikes by over 70%: reportPa. searches for homeschooling spikes by over 70%: reportSearches for homeschooling in Pennsylvania spiked by 71 percent between 2019-2023, the sixth highest spike in the country.
Read more »

Nearly 70 Republicans press Biden admin over crackdown on school hunting, archery programsNearly 70 Republicans press Biden admin over crackdown on school hunting, archery programsFIRST ON FOX: Dozens of Republicans led by Rep. Elise Stefanik are joining a chorus of voices calling on the Education Department to reverse its decision to defund hunting classes.
Read more »

Charles Ogletree, legal scholar who championed reparations, dies at 70Charles Ogletree, legal scholar who championed reparations, dies at 70Mr. Ogletree, affectionately known as Tree, rose from an impoverished childhood to a celebrated public defender in Washington, a leading legal theorist at Harvard Law School, and an attorney for such high-profile clients like Tupac Shakur and Anita Hill.
Read more »

How Bucky Survived For 70 Years In The MCUHow Bucky Survived For 70 Years In The MCUBucky Barnes is a super-soldier just like Steve Rogers, and this is part of what has led to his long life-span in the Marvel Cinematic Universe.
Read more »



Render Time: 2025-02-28 21:25:31