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Did Airbnb Simply Finish the Provide Debate? It Now Claims 7.7 Million Listings



Skift Take

Some hosts left Airbnb through the early a part of the pandemic as a result of they misplaced their incomes and had been indignant about refund insurance policies. Airbnb’s host and itemizing’ numbers present it has turned a nook for now.

One potential problem with Airbnb’s development plans has been whether or not it may increase its ranks of hosts and listings sufficient to satisfy the demand from company all over the world.


After a number of years of commercials and applications to carry on new hosts, Airbnb did a lot to reply that query Tuesday.

Airbnb mentioned it added greater than 1 million energetic listings in 2023: The entire is now round 7.7 million, up from 6.6 million on the finish of 2022.

And it has a roster of greater than 5 million hosts, a bounce of about 1 million. For the fourth quarter, Airbnb mentioned its provide elevated 18% year-over-year, with all areas rising by double-digit percentages.


There are nonetheless challenges, after all. Including greater than 1 million hosts and one other 1 million listings doesn’t imply there can be sufficient to go round for this summer time’s Paris Olympics, or for Myrtle Seashore on July 4th weekend. And a piece of these listings are duplicates, inflating that 7.7 million quantity.

Nonetheless, the expansion is spectacular.

Italy Tax Dispute Led to Fourth-Quarter Loss

Italy’s tax on short-term leases was the foremost contributor to Airbnb’s fourth quarter turning purple.


With out admitting wrongdoing, Airbnb in December settled a tax probe in Italy for $620 million overlaying 2017-2021. The dispute grew out of a 2017 legislation that required Airbnb to withhold 21% of hosts’ rental revenue and to remit it to Italian authorities, who claimed Airbnb was evading taxes.

Airbnb mentioned one-time bills for tax withholding and reserves for taxes amounted to $1 billion. That led to a internet lack of $349 million within the quarter. That in contrast with $319 million in GAAP internet revenue a 12 months earlier.

For full-year 2023, nonetheless, Airbnb’s internet revenue grew 152% to $4.8 billion.


Airbnb Says It’s Protecting Charges Low for Friends

Income within the fourth quarter climbed 17% to $2.2 billion, pushed by 12% development in nights and experiences booked and what the corporate described as a “modest” increase in common day by day charges.

That modest increase was lower than 1% within the fourth quarter in contrast with the year-ago interval. Airbnb claimed resort common day by day charges rose about 7%.

A Small Share of Hosts Eliminated or Lowered Cleansing Charges

Airbnb mentioned 300,000 listings – about 3.8% of the full — eliminated or lowered cleansing charges for the reason that firm started displaying the full worth earlier than taxes within the U.S. and elsewhere (the EU has had the characteristic for a number of years) early in 2023. The corporate mentioned 40% of energetic listings don’t cost a cleansing payment.


City Stays Are Nonetheless Nicely Beneath Pandemic Ranges

Airbnb stays in city areas accounted for 51% of gross nights booked within the fourth quarter, effectively beneath the 59% within the fourth quarter of 2019. Nonetheless, stays in high-density locales jumped 11% within the fourth quarter.

What Occurred to Airbnb ‘Increasing Past the Core’

Airbnb mentioned it’s increasing in Switzerland, Belgium and the Netherlands, following development in Germany, Brazil and South Korea in earlier quarters.

Apparently, Expedia Group explicitly tells monetary analysts that it desires to be opaque about which new markets it’s pursuing for aggressive causes. However Airbnb doesn’t have a lot hesitation in figuring out them.


Up to now couple of years, Airbnb has talked about “increasing past the core,” together with broadening its geographic footprint, but additionally promoting numerous new providers to hosts.

The latter initiative — changing into a platform to promote numerous add-on providers to hosts — hasn’t occurred but however is probably going within the works.

Airbnb’s Outlook

Airbnb projected income of $2.03 billion to $2.07 billion for the primary quarter of 2024, a year-over-year bounce of 12-14%.

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