In the previous quarter, Airbnb witnessed a notable 17% year-on-year increase in revenue, soaring to $2.2 billion (CHF 1.9 billion). Now, the accommodation platform sets its sights on

bolstering its presence in Switzerland, the Netherlands, and Belgium. CEO Brian Chesky unveiled plans on Tuesday to revolutionize the app's user experience by harnessing the power of artificial intelligence.

Throughout the last quarter, Airbnb's revenue surged by 17% year-on-year, reaching an impressive $2.2 billion (CHF 1.9 billion). By the year's end, the platform offered over 7.7 million flats and houses for overnight stays, marking an 18% surge compared to the previous year. Notably, the most substantial growth was witnessed in the Asia-Pacific region and Latin America.

Emmanuel Marill, head of the Europe, Africa, and Middle East region, disclosed to the news agency AWP last November that the number of accommodations in Switzerland had surged by 30% between 2021 and 2022, attributing the growth to positive word-of-mouth.

Despite these achievements, CEO Chesky emphasized in Tuesday's conference call with analysts that there remains significant potential for growth, with nine Airbnb customers for every one hotel guest. This underscores ample opportunities for expansion.

However, Airbnb reported a loss of $349 million in the last quarter, a stark contrast to the $319 million profit recorded a year earlier. The company attributed this loss to a one-off tax charge amounting to approximately one billion dollars. Photo by Open Grid Scheduler / Scalable Grid Engine, Wikimedia commons.