:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/ESZKWSHB6VBINJGOPWK4V57LYE.jpg "In Latin America, bookings for accommodation and experiences increased by 23% during the quarter, compared with the same period of 2021.")
Bloomberg Línea — Airbnb (ABNB) released its fourth-quarter 2022 results on Wednesday, and which exceeded expectations, reflecting a rebound in demand for accommodation as global travel picks up following the pandemic.
In Latin America, bookings for accommodation and experiences increased by 23% during the quarter, compared with the same period of 2021, “with continuing resilience in some countries, such as Brazil and Mexico”, the platform said.
“We are excited to see strong demand continue in the first quarter. We are particularly encouraged with European customers booking their summer travel earlier in the year, the market share gains we are seeing in Latin America, as well as the continued recovery in Asia-Pacific,” the company said in a statement.
In response to a question about expectation during the conference call with investors and analysts, Airbnb CFO Dave Stephenson said the first quarter of 2023 is tied to performance in Latin America and Asia.
“A lot of our Q1 projection comes from anticipated continued growth in urban, international and regional mix. And that’s why we’re projecting only a slight year-over-year decline,” he said.
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JYOTKSE6BBEVRGLIJIYXFECWHQ.jpg "Nearshoring Rekindles Business Travel to Mexico")
