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Airbnb reports 30% rise in first-quarter – Booking Bolster

The popular rental platform Airbnb posted a 30% growth in its first-quarter with the boost in its booking services.

The San Francisco-based rental platform recorded a $9.4 billion total booking value in its first-quarter of 2019 seeing a rise in revenue as the company prepares for going public. The said bookings’ revenue which was reported on August 16, 2019, was up by 31% from last year.

Airbnb accommodated 91 million overnight stays in the first three months of 2019. The rental platform first announced that it had a “positive year” without going into figures.

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Credits: Airbnb Newsroom

As for Airbnb’s IPO plans, the company said that they are aiming for the public offering in the first half of 2020. But the company did not comment on whether they are going for a traditional IPO, or an unusual IPO like Spotify, Slack and Uber.

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