Airbnb fell on Thursday in the stock market after the session after publishing results and forecasts that defrauded the market. The economic uncertainty generated by Donald Trump’s Economic Economic and Commercial Policy is affecting the tourism sector, as Booking and most of the US airlines already pointed out. The popular accommodation platform also notes that effect. In addition, Trump’s aggressiveness against Canada has caused another effect: Canadians travel less to the United States, while their reservations in Mexico are triggered.
“If we look at specific corridors, although we observed a decrease in Canada’s trips to the United States during the end of the first quarter of 2025, Canadian guests continued traveling with Airbnb. For example, the nights reserved by Canadian guests in destinations in Mexico increased 27% year -on -year in March. In addition, the nights reserved worldwide by worldwide March were higher than those of the fourth quarter of 2024 ″, explains the company in its letter to the shareholders in which it details the results of the first quarter of 2025.
Airbnb’s revenues grew 6% in the first quarter, up to 2,272 million dollars (about 2,012 million euros, to the current exchange rate), but without the exchange impact, the extra day of 2024 for the leap year and that of the change of date of the Holy Week, they would have increased by 11%, according to their calculations. The benefits, on the other hand, were reduced by 42%, to 154 million dollars. This decrease was mainly due to the increase in personnel expenses, driven by the increase in the workforce, and the losses due to deterioration associated with investments in non -listed companies. In addition, the decrease in interest income due to the decrease in interest rates contributed to the fall, which was slightly compensated by income growth.
The company expects income to grow between 9% and 11% in the second quarter, benefited from the fact that Holy Week has fallen this year in April, which contributes about two points. Airbnb warns about the weakness of other key operational indicators.
In particular, the company expects the interannual growth of the nights and reserved experiences to be moderate in the second quarter in relation to the first, in which they grew by 8%. During the month of April, Airbnb observed a strong demand for Holy Week trips from Latin America, which remains its fastest growing region. “In the United States, on the other hand, the results have been relatively more moderate, which we believe is largely due to generalized economic uncertainty,” he says in the letter.
The forecast underlines the worsening of the trust of US consumers in the midst of concern for a possible recession derived from the commercial war against the entire world decreed by Donald Trump. Booking, which also generates most of its income outside the United States, reviewed its forecasts for the whole year due to macroeconomic uncertainty, despite the fact that the results of the first quarter were better than expected.
American airlines American Airlines and Delta Air Lines have withdrawn their forecasts by 2025 alleging uncertainty derived from Trump’s commercial policies, while Southwest Airlines and United Airlines are braking their growth plans in forecasting a lower demand for national trips per leisure.
Airbnb also points out that potential impact. “Facing the future, we recognize the potential impact that the difficult macroeconomic and geopolitical conditions can have in our business, including inflation, interest rates, fluctuations of currencies, tariffs and commercial controls, as well as the possible decrease in consumer spending,” says the company in its quarterly report, registered with the Securities Commission and the United States Stock Exchange (SEC). “To date, these conditions have not had a significant impact on our business, operational results, cash flows and financial situation; however, the future impact of these macroeconomic and geopolitical conditions in our business, operational results, cash flows and financial situation is uncertain and will depend on future events that we cannot predict exactly,” he adds.
Business diversification
The company plans to invest between 200 and 250 million dollars in the launch and expansion of new businesses, which will present on May 13. “We believe that the impact of these investments on our Adjestral adjustment Ebitda margin will be more pronounced during the second half of the year, due to the moment we will introduce these new offers. We anticipate a more significant contribution to the growth of income as these businesses expand in the coming years,” says the company, which remains without revealing what that diversification of the business will consist of.
At the conference with analysts for presenting the closing results of 2024, the company’s CEO, Brian Chesky, put Amazon as a model of his strategy. “We want Airbnb application to be similar to Amazon and that it is a place to go to all your travel and life needs,” he said.
“The place where to stay is, frankly, only a very small part of the global equation. Every new business we launched, we would like it to be strong enough to be independent, but to strengthen the main business. I think that each business could take three to five years to grow. A large business could reach the 1,000 million dollars of income, but it does not mean that everyone does it,” he announced, indicating that he hopes that one or a couple of business years, starting with markets close to trips and then moving away from the main nucleus.
“When people reserve an Airbnb, there are many experiences, services and other things that would do their most special stay. And even include things that they would not think about looking. And from there, we will continue expanding and we will expand to more services,” he explained then.
