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After seeing its bookings cut by more than 40 percent due to the Covid 19 pandemic in 2020, Airbnb bounced back remarkably well in 2021 and 2022. Fueled by the strong uptick in international travel in 2022, Airbnb saw bookings more than double compared to 2020 last year, as the number of nights and experiences booked through the platform exceeded its pre-pandemic high. Looking at gross booking value, Airbnb’s performance in 2022 was even more impressive as it surpassed 2019 levels by more than 66 percent thanks to average daily rates that were significantly higher last year than they were in 2019.
“All regions saw significant growth in 2022 as guests increasingly crossed borders and returned to cities on Airbnb,” the company wrote in its latest letter to shareholders. The company ended 2022 with 6.6 million global active listings, which is up 900,000 listings from the beginning of the year.
Even before the global tourism rebound in 2022, Airbnb had found a way to take advantage of the unique circumstances created by the pandemic. “We are undergoing the biggest change to travel since the advent of commercial flying,” the company said at the beginning of 2022. “Remote work has untethered many people from the need to be in an office every day,” resulting in millions of people who can live anywhere. As a result of this newly gained freedom, one in five nights booked on the platform in Q4 2021 were for stays of a month or longer and almost 175,000 guests booked a stay for three months or longer in 2021.
This chart shows the number of number of nights and experiences booked on Airbnb since 2015.
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