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Upbeat forecasts from Airbnb, Expedia, and Booking signal strong travel demand

The insight: Upbeat outlooks from Airbnb, Expedia, and Booking Holdings point to resilient travel demand this holiday season.

By the numbers:

  • Airbnb’s revenues grew 10% year over year (YoY) to $3.73 billion in Q3, slightly ahead of expectations, as bookings steadily increased throughout the quarter after getting off to a slow start. The vacation rental platform expects growth in the number of nights and experiences booked to exceed last quarter’s 8.5% rise, surpassing estimates for a 7.7% gain.
  • Expedia expects gross bookings to rise 6% to 8% YoY in Q4, thanks to positive momentum in its air business coupled with accelerating travel demand. The company raised its guidance for full-year bookings growth to 5% YoY, up from its prior forecast of 4%.

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