Around the world, countless travelers and hosts use the popular website and app known as Airbnb.
In a nutshell, Airbnb lets travelers rent rooms or entire properties for the duration of their stays in nearly any given community. Likewise, the platform gives hosts the ability to rent out their rooms and properties to accommodate travelers.
The main appeals of Airbnb consist of fostering a sense of community and saving money on notoriously expensive hotel costs. As safety precautions, Airbnb mandates both travelers and hosts alike to confirm their identities with the proper documentation before becoming active on the platform.
Travelers and hosts can also leave reviews for each other, following their stays/time renting, so others on the platform know what they’re getting into when renting from someone or opening their home.
In the wake of COVID, travel suffered an infamous decline across the globe. However, with the demand for travel now back and booming, Airbnb is projecting major profit gains as a result.
A closer look at Airbnb’s most recent projections
This past Thursday, Airbnb estimated the revenue for its third quarter will fall between $3.3 billion to $3.4 billion. This is impressive, as it surpasses the $3.22 billion in revenue that analysts projected.
