Airbnb logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration
Aug 3 (Reuters) – Airbnb (ABNB.O) forecast revenue for the current quarter above market estimates on Thursday, as the vacation rental firm is set to gain from a rebound in international travel.
The San Francisco-based company forecast revenue for the third quarter between $3.3 billion and $3.4 billion, ahead of analysts’ average estimate of $3.22 billion, as per Refinitiv data.
Travel operators have begun to benefit from a robust rebound in international travel, aided by pandemic restrictions easing and a strong U.S. dollar that has encouraged consumers to book flights and stays overseas.
Airbnb, which receives a majority of revenue from outside the United States, said cross-border travel to Asia Pacific grew over 80% in the second quarter, from a year earlier.
Airbnb forecasts Q3 revenue above estimates on rebound in international travel
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