NITN | @notintownlive | 03 Aug 2022, 08:55 am

Image Credit: Unsplash
San Francisco/IBNS: Vacation rental Airbnb has hit a record high by booking close to 104 mln nights during the April through June period on the backs of strong travel demand.
Travel demands remain strong with people switching their spending from goods and services, Investors Business Daily (IBD) reported.
The hospitality giant secured a net income of Rs 379 mln in Q2FY22, as per media reports.
In Q2FY22, Airbnb's adjusted earnings stood at 56 cents a share on a revenue of USD 2.1 bln, as per an IBD report.
This is 58 percent higher than adjusted earnings in the corresponding period last fiscal year, according to media reports.
On the booking front, Airbnb clocked a 26 percent jump in bookings during the April-June period compared to the previous year.
Airbnb said long-term travelling segment remains to be fastest growing due to rising acceptance towards remote travel.
City and international travel which was slacking has recovered, BBC reported.
Airbnb said its finds itself in midst of its strongest summer travel season.
The San Francisco-based company assured its investors that it was well positioned to handle whatever might affect the economy, BBC reported.
Chief Executive of Airbnb Brian Cheksy said the lodging website was founded during the recession.
If another economic slowdown took place, he said, "We think a lot of people may turn to hosting once again, so this is a big opportunity for us," as per a BBC report.
- Foreign tourist inflow rises by 789 % in world famous Kaziranga national park in Assam
- Narendra Modi to launch world's longest cruise journey that will connect Varanasi-Dhaka-Dibrugarh
- Singapore continues to welcome vaccinated Indian visitors without testing or quarantine
- Jammu and Kashmir: Seven lakh tourists visit Pahalgam
- Annual Illuminate San Francisco Festival begins on Nov 9 to celebrate the city's vibrant art scene
- KFC India rolling out all-digital smart restaurants to speed up customer service
- Jumeirah Group announces stunning new retreat in Bahrain
- Italian film festival gets underway in Kolkata with screening of six contemporary films
- Take deep dive into Virginia's EdVenture Experiences in USA
- Why Backpacking Is the Best Way for Millennials to Travel
Indian carrier IndiGo has announced exclusive flights between Bengaluru to Kolhapur, and connecting flights via Bengaluru from Coimbatore to Kolhapur, effective Jan 13, 2023.
Qantas, the national airline of Australia, created history on Sep 14 when QF 67 took off from Sydney’s Kingsford International Airport to touch Bengaluru, the southern Indian city famously known as ‘The Silicon Valley of The East’, completing the non-stop flight in less than twelve hours.
Bengaluru: Hong Kong’s home airline will start twice-a-week direct flights from Bengaluru to Hong Kong and beyond from Oct. 11.