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.