Airbnb had planned on being the official accommodation sponsor for the 2020 Tokyo Olympics, but a ban on spectators amid the Covid pandemic saw the company and hosts across Japan receive nothing for their efforts. But revenue records for last year show Airbnb was one of the biggest beneficiaries of the mending travel industry with projections showing more growth as we enter the post-pandemic world.
The Bounce. Both number of nights and total check-ins are expected to exceed pre-pandemic levels as of the end of the fiscal quarter on March 31sr. Expected Q1 revenue of $1.48 billion exceeds early projections by around $200 million, and nearly $600 million up from the same quarter last year. With people already booking for summer travel, this seems to indicate an optimism that may permeate other industries as communities find a new normal in our world.
Telling it like it is - Vacations are a healthy indicator that people believe their jobs will be there when they get back, that is the kind of confidence that can breathe new life into any industry, why not ours?