Domestic travel in the US has been pressured since the start of the year as more Americans have grown cautious about travel spending.
Airbnb forecast third-quarter revenue below estimates on Tuesday and warned of shorter booking windows, suggesting travelers were waiting until the last minute to book due toDomestic travel in the United States has been pressured since the start of the year as more Americans have grown cautious about
The company expects moderating growth in nights booked in the third quarter and said it was experiencing shorter booking lead times globally.Alaska Air crew feared passengers were lost in midair blowout: 'There is a hole in the plane' Booking lead time is an important metric in the travel industry and refers to the number of days between the reservation date and actual arrival. A shorter booking window can indicate consumers are booking travel at the last minute, due to increased uncertainty and caution in spending.
Travel reservations provider Booking also said earlier this month that lead times had shrunk in the second quarter and were expected to shrink further in the third.
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