"In the United States, the lowest price listings have the highest occupancy," he added. People are most price sensitive in North America, especially in the United States, Airbnb CEO Brian Chesky told investors on a call. US travel companies, which have benefited from higher prices and hybrid work, are moderating their outlook for 2023 as pre-pandemic travel patterns return and consumers seek cheaper accommodation amid high inflation and recession fears. Vacation rental booking company Airbnb Inc said on Tuesday (May 9) that it expected fewer bookings and lower average daily rates in the second quarter versus a year earlier, sending shares down 11.5 per cent in after-hours trading.
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