Airbnb's Marketing Spend Quadruples to $512 Million Despite 90% Direct Traffic Claim Remaining Unchanged
💸 Airbnb's marketing spend surged from $119M in Q1 2021 to $512M in Q1 2026. Despite this, direct traffic remained at 90%, as brand-driven visits are counted as direct. Marketing as a revenue share dropped from 24% in 2019 to 13% in 2025. Search engine marketing rose by $21M in Q1 2025, while campaign spending fell by $29M. First-time booker growth hit 11% in Q2, the best in four years.
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