Airbnb slumps as gloomy forecast fans slowdown fears

Airbnb's shares fell over 6% after the company forecasted weaker-than-expected revenue for the second quarter, raising concerns about slowing growth despite a strong profit in the previous quarter. Factors like the timing of the Easter holiday and currency exchange issues were cited for the subdued outlook. Additionally, while Airbnb expects a modest year-over-year increase in average daily rates, the growth in room nights booked is projected to remain flat sequentially. This has led to investor worries about future growth, particularly in the U.S. where leisure travel demand is moderating.