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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.

Some of the factors working in Airbnb's favor include not just the rise in overseas travel, but also tourists spending more time in urban communities. This bodes well for the company, since most of its profits arrive from transactions outside of the United States and in urban cities.

The remote work factor

With more people embracing remote work as a way of life, this frees them up to travel on a regular basis. The digital nomad lifestyle, for instance, allows folks to build their careers on a laptop, no matter where they're staying at any given moment.

As remote work becomes more common and mainstream, Airbnb's revenue is likely to reap subsequent benefits from this.

At the end of the day, fewer people want to go through the tedious grind of daily commutes to an office, especially when alternatives like video conferences, Slack, Zoom, and more remain readily available.