Shares of Airbnb fell on Wednesday after the vacation-home rental platform warned of “greater volatility” and weaker trends in nights booked for the fourth quarter amid deepening conflicts abroad.
“ was a record-breaking summer travel season for our business,” the company said in a letter to shareholders. “We are seeing greater volatility early in , and are closely monitoring macroeconomic trends and geopolitical conflicts that may impact travel demand. We currently expect our nights booked growth in 2023 to moderate relative to 2023.”
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