Airbnb says record bookings are a sign of a travel rebound

Airbnb plans to announce major changes to its app as the home-sharing platform hopes to drive a global travel boom

Bookings on Airbnb hit a new high in the first quarter of this year, the home rental platform reported Tuesday, in a new signal that the demand for travel suppressed by the Covid-19 pandemic is being released.

First quarter revenue was $1.5 billion, up 70 percent from the same period a year earlier, the company said, adding that its quarterly loss shrank to $19 million from a $1.2 billion loss. in the first quarter of 2021.

Originally published because Airbnb says record bookings are a sign of a travel uptick

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