Airbnb reported $1.5 billion in revenue in the fourth quarter, up 38% from pre-pandemic levels

2022-06-05 0 By

Beijing Business Daily (reporter Guan Zichen Wu Qiyun) On February 16, Airbnb released the fourth quarter of 2021 and the full year financial results.Airbnb reported revenue of $1.5 billion in the fourth quarter of 2021, up 38% from the same period in 2019, before the pandemic.An increase of nearly 80% over the same period in 2020;Full-year 2021 revenue increased by 25% from pre-pandemic 2019, while net loss narrowed by $322 million in 2021 from 2019.In the fourth quarter of 2021, the growth rate of total overnight bookings for urban destination listings increased further compared to the third quarter of 2021, and has largely returned to the pre-PANDEMIC level of the same period in 2019, according to the results.Meanwhile, cross-border tourism continues to recover in 2021 and is accelerating.Cross-border travel bookings accounted for nearly 35% of total global booking nights in q4 2021, up from 20% in Q1 2021.