.August 7, 2024

4:00:41 AM

Airbnb has noted a change in consumer booking habits, with travelers opting for accommodations closer to their arrival dates due to economic uncertainties. Despite this shift, Airbnb reported a 9% increase in nights and experiences booked, as well as an 11% rise in gross booking value and revenue for the second quarter. Wells Fargo has updated its rating on Airbnb to Market Perform, reflecting a cautious view of the company’s stock. This adjustment comes as Airbnb’s stock price sits at $140.29, signaling a hold position for investors. The company remains optimistic about future revenue growth, despite changing consumer behaviors.