Airbnb's Q4 2023 revenue increases 18% to $9.9bn despite facing competition and declining demand.
Airbnb completed its IPO in 2020 and since then, its stock price has fluctuated. In Q4 2023, revenue increased by 18% to $9.9bn. However, Airbnb has faced competition with hotels and a decline in business due to slowing demand and changing traveler preferences. CEO Brian Chesky acknowledges these challenges and considers offering luxury services and even hotel rooms to attract hotel converts.
August 13, 2024
6 Articles