This blog post delves into Airbnb's financial achievements and meticulously compares them with AirDNA's projections - see just how close our data aligns with the latest earnings.

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

How Accurate Is AirDNA? AirDNA Data vs Airbnb Earnings Summary

Data accuracy is the bedrock of AirDNA. Without it, investors and hosts can’t manage their vacation rental business strategically. Our business is to strengthen theirs, which is why we take pride in ensuring our projections ensure the smallest possible margins of error.

Since going public in 2020, Airbnb has released quarterly earnings summaries. While typically a tool for the stock market savvy, these summaries are also an effective gauge of how accurate AirDNA is. 

We’ll walk you through the Airbnb earnings summaries for the past two quarters, what Wall Street predicted, and how AirDNA’s projections stacked up.

Gain insights into the revenue and occupancy trends in your market.

In the fourth quarter of 2023, Airbnb reported 99 million nights and experiences booked, marking its highest fourth quarter ever.

Airbnb also reported that their host community grew to 5 million hosts around the globe,  and active listings exceeded 7.7 million by the end of 2023.

Airbnb Report: 98.8 million (+12.0% year-over-year, or YOY)

Wall Street Estimate: 97.9 million (+11.0% YOY)

AirDNA Estimate: 100.2 million (+13.6% YOY) — 99% accurate

Airbnb Report: $15.5 billion (+14.8% YOY)

Wall Street Estimate: $15.1 billion (+12.0% YOY)

AirDNA Estimate: $15.2 billion (12.5% YOY) — 98% accurate

Wall St. Estimate: $2.164 billion (+13.6% YOY)

AirDNA Estimate: $2.212 billion (16.3% YOY) —  99.7% accurate

Airbnb Report: Added nearly 1.2 million active listings (+18% YOY) with double-digit supply growth across all regions, with the highest growth in Asia Pacific and Latin America. 

AirDNA Estimate: Added 1.2 million active listings with (+18% year over year)

In the third quarter of 2023, Airbnb’s earnings summary reported a record travel season for Airbnb, and their most profitable quarter ever, according to CEO, Brian Chesky. 

Below, we outline the facts from Airbnb’s earnings report and how our projections for Q3 compared to the reported figures:

AirDNA Estimate: 113.2 million (+14% YOY) — 100% accurate

AirDNA Estimate: $18.4 billion (+18% YOY) — 99% accurate

AirDNA Estimate: $3.35 billion (+15.4% YOY) — 99% accurate

Here are a few other interesting findings from Airbnb's Q3 2023 earnings report compared with our estimates.

The report noted that nights and experiences booked in Q3 2023 “exceeded 113 million, growing 14% YOY and accelerating from Q2 2023.” Mirroring AirDNA’s reporting that the short-term rental industry is growing in both supply and demand, Airbnb noted, "Over the last nine months we’ve added nearly 1 million listings globally and we continue to see demand for travel grow.”

Airbnb will also remain focused on “making hosting mainstream” and growing supply, with active listings growing 19% on a year-over-year basis. Airbnb, like AirDNA, called out the shift of the fastest-growing region from North America to Asia Pacific. These results are just one more point proving that "Airbnbust" is not happening.

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

Turn Accurate Data into Revenue-Driving Decisions

Do you have a property or are you looking for one to join the short-term rental market yourself? Try out AirDNA's data tools to get started leveraging AirDNA’s data accuracy to build your vacation rental business. 

Or if you’re a professional seeking a deeper understanding of how STRs are impacting your market (or any other market on earth, for that matter), learn how our enterprise solutions can fuel your future success. We offer custom solutions for academics, hedge funds, vacation rental property managers, real estate groups, and destination marketing organizations (DMOs).

AirDNA makes it easy for you to find your ideal short-term rental (STR) investment market.

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

ARTICLE SUMMARY

QUICK NAVIGATION