Airbnb Inc. forecast on Tuesday a better-than-expected first-quarter revenue after the short-term home rental company reported strong quarterly results on rising domestic travel and longer stays by guests at higher prices.
While the San Francisco-based company was initially hit by the pandemic, its business rebounded as people took trips closer to home where they stayed for longer to work remotely. The trend has since continued with “non-urban gross nights” booked up about 45 percent in the fourth quarter versus 2019.
