Airbnb shares surge 12% on summer travel outlook

The home-sharing company expects sales of $1.75bn (€1.64bn) to $1.82bn in the three months to the end of March.

Airbnb shares surged by over 12%, the most since 2021, after the company’s sales outlook beat analysts’ estimates, signalling robust travel demand following a record year in 2022.

The home-sharing company expects sales of $1.75bn (€1.64bn) to $1.82bn in the three months to the end of March, easily clearing analysts’ average projections.