Airbnb rises on upbeat outlook, bucking broader industry caution

Investing.com · 2026-11-06 11:32 UTC

Airbnb rises on upbeat outlook, bucking broader industry caution

Nov 6 (Reuters) - Airbnb shares jumped more than 12% in premarket trading on Friday after the vacation-rental firm raised full-year revenue growth forecast betting on resilient global leisure travel demand.

The upbeat outlook contrasted with recent commentary from other online travel agencies such as Booking Holdings, Expedia and TripAdvisor, which have pointed to challenges from higher airfares linked to the Iran war and unrest in parts of Europe.

Investors and analysts have also been closely tracking Airbnb’s expansion efforts that are increasingly positioning the company as a conventional online travel agency and setting the stage for greater competition with established industry peers.

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