Airbnb Expects Some Listings From Paris Olympics to Stick

Airbnb doesn’t expect the boom in listings and bookings from the Paris Olympics to vanish overnight. Bookings in Paris during 1Q were five times higher than a year ago, and there were 40% more active listings in Paris during the quarter. CFO Ellie Mertz says on a call with analysts that with pre-Covid events, there was typically a boom in supply, a portion of which sticks around after the event is done. “It’s a nice little supply acquisition moment for us,” Mertz says. Active listings were up 15% from a year earlier in 1Q. Shares drop 8.1% in post-market trading.

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