“We are focused on how can we step on the gas to be prepared for the next travel season. “We are not pulling on the brakes - if anything I’d be interested in stepping on the gas,” Chesky said. In this bonus episode, Andy Browne, the editorial Director of the Bloomberg New Economy, talks to Brian Chesky, chief executive of Airbnb. It’s a much different position than Airbnb was in during the early days of the pandemic, when the company lost 80% of its business in eight weeks and had to make hard choices. are laying off employees, Airbnb continues to expand. That growth puts the company in a unique position in a tech industry that’s been slowing down.
Airbnb is expecting average daily rates to increase slightly in the current quarter and is forecasting record revenue of $2.78 billion to $2.88 billion. The San Francisco-based company reported second-quarter sales of $2.1 billion, with rates climbing 40%. “Whatever happens to the economy, people I think are still going to want to live on Airbnb and still want to travel.”ĭespite inflation reaching its highest levels in more than 40 years, consumers have continued to splurge on travel rentals. “We’re not too concerned right now about the macro environment,” Chesky said in a Wednesday interview with Bloomberg Television. Chief Executive Officer Brian Chesky said the company is poised for its best quarter yet and he’s not worried about the economic slowdown hurting a travel resurgence after two years of Covid-19 restrictions.
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