After years of rapid expansion and redefining the travel industry, Airbnb (ABNB) is now facing the challenge of a growth slowdown. As post-pandemic travel trends stabilize and competition intensifies, investors are watching closely to see if the company can maintain its edge. With tightening margins and mounting regulatory hurdles in key markets, the big question is whether Airbnb’s story remains compelling. Let’s explore what Main Street Data reveals about Airbnb in 2024.
According to Main Street Data, Airbnb’s gross booking value dropped noticeably throughout 2024, from $22.9 billion in Q1 to $17.6 billion by Q4. This was mainly triggered by rising living costs and economic uncertainties, which led many American travelers to delay or cancel vacation plans. Despite the sequential decline, the company still posted a 13.5% year-over-year increase in booking value.
Meanwhile, nights and experiences booked declined to 111 million in Q4 2024, down from 133 million…
