Airbnb Expects Bookings to Slip in Fourth Quarter

The video discusses Airbnb's recent performance, highlighting its highest revenue and profitability in a summer quarter. However, concerns arise from forward-looking guidance and booking numbers. The pandemic boosted Airbnb's domestic travel, but pricing advantages are fading as hotels return. Long-term growth is expected to slow, with competition from other online travel companies. Airbnb's future growth will depend on unit growth and maintaining unique inventory, but competition from Booking and Expedia is increasing.

What was a major concern for Airbnb despite having a profitable summer quarter?

• Decline in urban travel

• Rising operational costs

• Forward-looking guidance and booking numbers

• Increased competition from hotels

How did Airbnb's room nights and bookings change compared to 2019?

• Room nights decreased, bookings increased

• Both room nights and bookings decreased

• Room nights increased by 20%, bookings increased by 50%

• Room nights remained the same, bookings decreased

What factor contributed to Airbnb's pricing tailwind during the pandemic?

• Increased competition from hotels

• Limited lodging inventory

• Decline in domestic travel

• High demand for urban travel

What is a key metric for modeling Airbnb's long-term growth?

• Average daily rates

• Room night growth

• Number of new listings

• Urban travel demand

What challenge does Airbnb face in maintaining its unique inventory advantage?

• Availability of similar inventory on other platforms

• Decline in guest demand

• Rising operational costs

• Increased urban travel