Airbnb hotel strategy makes a comeback
🏨 Airbnb, facing a core rental business growth of less than 10% in 2024, reports only 8% growth in nights and experiences booked in Q1 2025, a decrease from 9.5% from the previous year. Despite this, the company sees stability in bookings from high-income travelers. With U.S. consumers delaying but not canceling summer plans, Airbnb is revamping its Experiences segment on May 13 and relaunching its hotel initiative through HotelTonight to attract high-quality hotels with competitive booking incentives. CEO Brian Chesky aims to target the untapped potential as only 1 in 9 travelers choose Airbnb over hotels. The platform's improvements, including "Guest Favorites" labels, global price transparency, and removal of 450,000 low-quality listings, intend to enhance user experience and credibility.
Share