As customers return to the platform, they’re looking for longer-term stays and the ability to bring pets with them, according to Airbnb CEO Brian Chesky.

Airbnb has experienced a wave of ups and downs over the course of the pandemic, and now, bookings appear to be on the upswing again as the company experienced a 22 percent year-over-year increase in consumer spending in July. As customers return to the platform, they’re looking for longer-term stays, according to Airbnb CEO Brian Chesky.

Brian Chesky | WikiPedia

“There’s this really new trend where traveling and living are starting to blur together,” Chesky told CNN Business. “People are booking for weeks at a time or even months at a time.”

A news release recently issued by the short-term rental company noted that more guests are seeking out long-term stays into the fall, as working remotely remains the status quo for many. In addition, Airbnb guests are more keen to book stays that include amenities, especially the ability to bring pets with them on their stay. Other frequently searched for amenities of late have been pools, Wi-Fi, kitchen, air conditioning, washer, jacuzzi and free parking.

Airbnb guests are also largely booking spontaneous trips close to home.

“With domestic trips accounting for the majority of bookings globally, and more than half of all bookings made in August for trips within 300 miles of the guest’s origin, it’s clear that nearby escapes are here to stay this fall,” Airbnb’s release states. “While trips are mostly domestic, they vary widely in destination, with no one city in the U.S. accounting for more than 2 percent of guest arrivals over Labor Day Weekend.”

The average lead time between a new booking and the start of a guest’s reservation is 10 days less than last year on a global level, indicating that guests may be hesitant to book too far in advance with travel conditions and COVID-19 restrictions continuing to be in flux.

As Airbnb has found firm footing again, now months into the pandemic, the company has determined to continue with plans to make its stock market debut later this year.

“We started this year, we were planning on going public, and the pandemic hit and it seemed inconceivable that this company will go public,” Chesky told CNN Business. “But what I will say is that the business is so much more resilient than I think any of us even gave ourselves credit for.”

As travelers across the globe have started to come to terms with the new normal of travel, many are seeing Airbnb stays as a potentially less-risky way to get away from home with the ability to have greater control over their own environment and social distance more easily than in a large hotel, Chesky added.

Email Lillian Dickerson

rentals
Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Hear from Realogy, Pacaso, SERHANT., Spotify, Redfin, Douglas Elliman, and 100+ more leaders at ICNY.Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription