Airbnb: Navigating Currency Headwinds and Calendar Quirks

Generado por agente de IAClyde Morgan
jueves, 13 de febrero de 2025, 4:16 pm ET1 min de lectura
ABNB--


Airbnb (ABNB) has issued a tempered forecast for its first quarter, citing currency headwinds and the impact of Easter timing on its revenue growth. The company expects revenue to increase by 4% to 6% year-over-year, compared to a 10% to 12% increase excluding the impact of foreign exchange rates and the calendar. This update comes as the U.S. dollar strengthens, making it more expensive for multinational companies like Airbnb to convert profits booked abroad into dollars.



Airbnb's revenue growth benefited from the timing of Easter and the inclusion of Leap Day in 2024. However, the company anticipates that the average daily rate (ADR) will decline slightly year-over-year in the first quarter due to exchange rates. Excluding the impact of the calendar and foreign exchange rate, Airbnb anticipates revenue to increase in the range of 10% to 12% from a year earlier.



The company expects Nights and Experiences Booked in the first quarter to be flat, compared with the same period a year earlier, when excluding Leap Day. About 133 million nights and experiences were booked in the first quarter of 2024.

Airbnb is benefiting from the launch of its co-host network, which allows a manager to take care of guests and the property on behalf of the owner. Co-host listings earn about twice as much as other Airbnb listings in comparable countries. The company also plans to invest $200 million to $250 million towards launching and scaling new businesses during the year.

In conclusion, Airbnb's first-quarter forecast reflects the impact of currency headwinds and calendar-related factors. Despite these challenges, the company remains focused on driving growth and expanding its offerings to capitalize on the continued growth in Latin America and sustained cross-border travel demand in Asia Pacific, Europe, the Middle East, and Africa. By implementing strategic initiatives and adapting to market conditions, Airbnb is well-positioned to navigate these headwinds and maintain its momentum in the long term.

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