Tech UPTechnologyAirbnb registers increase in long-term bookings in first quarter...

Airbnb registers increase in long-term bookings in first quarter of 2021

The platform obtained revenues of US $ 887 million, higher than expected and 5% more than in the first quarter of 2020.

Airbnb reported Thursday that almost a quarter of travelers who used its platform between January and March booked accommodation for 28 days or more, a trend that is accelerating with the pandemic.

This figure is 14% higher than in 2019, before the pandemic shook the world economy, the company said when publishing its quarterly results.

"A growing number of travelers find that they don't need to be tied to a single place of life and work," Airbnb said in a letter to its shareholders.

Seven-day stays accounted for half of bookings for the quarter.

The platform obtained revenues of US $ 887 million, higher than expected and 5% more than in the first quarter of 2020.

But it had net losses of US $ 1.2 billion that were mainly due to loan repayments and stock compensation expenses.

"We think that the changes observed in the travel sector are of long duration," said the firm. "The world will never return to the situation before" the pandemic, "and that means that the travel industry will not either."

"But travel is starting to gain strength" and "we expect the biggest rebound that has been seen," the company said, after the collapse of the sector due to the coronavirus pandemic.

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