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Asia Startups Travel

Airbnb Looks to Keep China Momentum

Airbnb’s increasing popularity with young Chinese travelers has made the country an important growth driver over the past year. Revenue from Airbnb’s China division is expected to climb by more than half to roughly $130 million this year, two people familiar with the matter said.

While that growth rate is lower than last year’s fiery 70% pace, the total would represent 4% to 5% of the company’s overall revenue. That’s a much bigger share than some of Airbnb’s nascent initiatives such as its global tours and activities business. The company is expected to lose about $20 million on its China operations overall this year, a number the company is comfortable with, the people said.