Airbnb reported record industry-wide growth for the first quarter of 2023. In this blog we outline the facts from Airbnb’s report and how our projections stacked up against Airbnb’s reported figures.

AirDNA Data Accuracy is Right on the Money According to New Airbnb Report

Data accuracy is the bedrock of AirDNA. Everything we do relies on this foundation, which is why we take pride in ensuring our projections ensure the smallest-possible margins of error.

For this reason, it’s exciting whenever Airbnb—a publicly traded company since 2020—can validate our data accuracy with a new quarterly report.

Also exciting: Airbnb reported record industry-wide growth for the first quarter of 2023.

Below, we outline the facts from Airbnb’s report and how our projections stacked up against the reported figures.

Airbnb report: 121.1 million (+19% year over year)

AirDNA estimate: 117.5 million (+15% year over year) 97% accurate

Airbnb report: $20.4 billion (+19% year over year)

Airbnb report: $1.8 billion (+20.5% year over year)

AirDNA estimate: $1.78 billion (+17.3% year over year) 99% accurate

Airbnb report: +18% in Q1 2023, after growing 16% in Q4 2022

AirDNA estimate: +17.8% in Q1 2023, after growing 15.6% in Q4 2022 

Airbnb estimate: $2.35 billion to $2.45 billion

Here are a few other interesting findings from the report compared with our estimates.

The report noted that Nights and Experiences booked in Q1 2023 “hit a record high with over 120 million,” marking Airbnb’s first profitable Q1. Mirroring AirDNA’s reporting that the short-term rental industry as a whole is fully recovered from the pandemic, Airbnb noted “We are now twice the size as we were before the pandemic on both a GBV and revenue basis—and with considerably higher profitability and cash flow.”

Airbnb will also remain focused on “making hosting mainstream”, with active listings growing 18% on a year-over-year basis, as AirDNA saw in our latest report on supply.

Read our latest Market Reviews for more in-depth insights on the current state of the American and European STR markets.

If you’re a new or long-time Airbnb host, learn how our MarketMinder intelligence platform can help you smartly price and scale your STR business.

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Airbnb reported record industry-wide growth for the first quarter of 2023, indicating that many short-term rental (STR) sectors have recovered from pandemic-era slumps. Read on to see how we outline the facts from Airbnb’s report and how our projections stacked up against Airbnb’s reported figures.

AirDNA Data Accuracy is Right on the Money According to New Airbnb Report

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