Airbnb shares rose 9% in premarket trading on Friday as the vacation-rental firm’s raised annual revenue forecast eased worries over global travel demand. The company expects full-year revenue growth of at least the mid-teens, up from its previous forecast of low- to mid-teens, citing resilient travel demand.
Airbnb’s Success with AI
Airbnb also highlighted its success in using AI tools, which had sparked fears of disruptions to traditional travel firms. The company reported second-quarter revenue of $3.61 billion, beating estimates of $3.57 billion.
Company executives noted that customer support costs per booking declined about 16% year-over-year, driven in part by improvements to its AI assistant. CEO Brian Chesky said, “AI is the best thing to ever happen to Airbnb.”
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
