Airbnb dips as slower growth outlook renews fears of travel demand slowdown

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• Airbnb dips as slower growth outlook renews fears of travel demand slowdown</p>

<p>August 7, 2025 at 5:09 AM</p>

<p>(Reuters) -Shares of Airbnb slumped 6% before the bell on Thursday after the company forecast slower growth in the second half of the year, disappointing investors of the sector expecting a rebound in travel demand after strong outlooks from major travel firms.</p>

<p>The vacation home rental's gloomy outlook came as setback to the industry, which saw a rebound in consumer sentiment in July, and was expecting budget-conscious Americans to return to vacations despite tariffs and inflation.</p>

<p>United Airlines and Hilton Worldwide last month forecast an uptick in bookings and strong fourth-quarter revenue growth. Last week, online travel agency Booking Holdings also posted upbeat quarterly results.</p>

<p>"The company (Airbnb) sees tariffs having an impact on margins in the third quarter, with the initial tariffs shock in April leading to a big drop in bookings," said Danni Hewson, head of financial analysis at AJ Bell.</p>

<p>Investors will now focus on results from Expedia Group, due after the bell, to better gauge the health of the travel industry in the United States.</p>

<p>Airbnb attributed its weak growth outlook to tough comparisons with the year-ago period, when strong bookings in Asia and Latin America had helped earnings.</p>

<p>The company expects night bookings growth to moderate year-over-year going into the fourth quarter. It expects the implied take rate, or the ratio of revenue to gross bookings, to remain flat in the third quarter.</p>

<p>So far this year, Airbnb and Expedia shares have both fallen 0.6% each compared with an 11.4% rise in Booking Holdings during the same period.</p>

<p>Airbnb commands a higher forward price-to-earnings multiple of 28.41, compared with Booking that's trading at a more modest 22.69 and Expedia at 11.57.</p>

<p>(Reporting by Kanchana Chakravarty in Bengaluru; Editing by Ronojoy Mazumdar and Shinjini Ganguli)</p>

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Source: "AOL Money"

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