Airbnb shares slide 10% as US tourism boom seen ending

North American consumers more 'price sensitive' to high cost of travel, company says

Airbnb said earlier this week it expects fewer bookings and lower average daily rates, or accommodation prices, in the second quarter.

Airbnb shares slid 10% after the online accommodation bookings firm issued a gloomy second-quarter forecast and signalled the high cost of travel may be finally catching up on budget-conscious US consumers.

Household savings and pent-up demand have largely insulated the US travel industry from inflationary pressures that have roiled other sectors.