Airbnb warns that the Delta variant could disrupt travel
CNN
Airbnb had a blockbuster second quarter, with revenue soaring nearly 300% and topping expectations. But it also reported some bad news: The company is worried about the Delta variant's impact on consumers' future travel plans.
The company benefited from more people taking vacations in the spring and summer, but Airbnb says the next few months could be extremely bumpy. Shares of Airbnb fell nearly 3% after the opening bell Friday on the company's warning, but soon recovered to trade flat. "In the near term," Airbnb said in its earnings letter to shareholders, Covid and new variants including Delta "will continue to affect overall travel behavior, including how often and when guests book and cancel." As a result, Airbnb's future bookings "will continue to be more volatile and non-linear."
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