6. Airbnb pivots to less saturated global locations
Airbnb ended up having a mixed 2023. While the business continued to grow strongly, adding 14% more bookings YoY in Q3 2023 and the same percentage for revenue growth, it faced more scrutiny than ever.
Regulators in tourism hotspots around the world focused on short-term rentals over the course of the year, leading to concrete legislation that could well crimp the business’ long-term ambitions in some geographies.
CEO, Brian Chesky said…
