Airbnb forecasts fewer bookings, lower prices in Q2; shares slump

Vacation rental booking company Airbnb Inc said on Tuesday that it expected fewer bookings and lower average daily rates in the second quarter versus a year earlier, sending shares down 11.5 percent in after-hours trading. U.S. travel companies, which have benefited from higher prices and hybrid work, are moderating their outlook for 2023 as pre-pandemic … Continue reading Airbnb forecasts fewer bookings, lower prices in Q2; shares slump