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Airbnb prices are surging as Americans flock to larger homes outside of cities (ABNB)

Brian Chesky

Summary List Placement

If you’re hunting for the perfect Airbnb after a year of not traveling, be prepared to shell out more than you may have planned: average daily rates are up 35% compared to the same time last year.

While gross bookings this quarter are still 21% below pre-pandemic levels, the company said Thursday it expects brighter days ahead. Airbnb has been seeing growing interest in summer travel, signaling an impending travel boom as pandemic restrictions lift and COVID-19 vaccine rollout continues.

But as travel ramps up, so too have Airbnb prices. Nightly costs averaged at about $160 read more ⇒

Source:: BusinessInsider.Com

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