Airbnb is experiencing its strongest peak season to date after recording its highest level of bookings in the second quarter; making this the most profitable season for the company.

Long-term stays of 28 days or more remained Airbnb’s fastest-growing category in Q2 2019, with long-term stays up nearly a quarter from a year ago and up nearly 90% from 2Q19.

Second-quarter revenue was up 58% year-over-year to US$2.1 billion.

“Our strength this quarter is the result of our ability to remain focused and disciplined while relentlessly innovating,” said Brian Chesky, co-founder and CEO of Airbnb.

Brian Chesky, co-founder and CEO of Airbnb.

Airbnb said guests are looking to return to cities, with bookings in denser urban areas increasing from the first quarter to the second, also surpassing pre-pandemic levels.

Another trend was an increase in the number of travelers who booked earlier in the second quarter of 2022 compared to the second quarter of 2021. “Given this earlier booking, the pace of growth (compared to last year) slowed in May and June,” Airbnb said in a statement on its website.

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