Airbnb 3Q Outlook Impacted By Shortening Booking Windows

Airbnb’s 3Q outlook suggests booked nights growth lower than 2Q as travel demand in the US looks weak, according to BofA Securities in a research note. The analysts say that they’ve been cautious on a fading reopening benefit, as tough comparisons along with slowing long-term stays growth impacts bookings growth. They add that the home-sharing company also noted that shortening booking windows are impacting its 3Q outlook, leaving open a possibility of improving trends if US consumers end up booking late and maintaining relatively stable trip growth in September. Shares dive 15% to $111.57 in early trading, putting it on pace for its largest percentage decrease on record.

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