We’re relentlessly innovating to support this new way of traveling.Meanwhile, Hosts are responding to this demand for longer stays, as the percentage of active listings accepting stays of 28 nights or longer was over 90% at the end of Q4. The longer guests stay, the more we believe they value the amenities and convenience of staying in a home. Meanwhile, long-term stays of 28 nights or more remained our fastest growing category by trip length and accounted for 22% of gross nights booked in Q4, up 16% from Q4 2019. Over the last two years, we have seen the average trip length increase by approximately 15%, with stays of more than 7 days now representing nearly half of all gross nights booked. Guests aren’t just traveling on Airbnb-they’re living on Airbnb.And despite the continued near-term uncertainties, we see evidence of strong pent-up demand: as of the end of January 2022, we had over 25% more nights booked for the summer travel season than at this time in 2019. Specifically, gross nights booked in December 2021 grew more than 40% from 2020, and the cancellation rate for December trips was lower than a year ago. The impact of Omicron on bookings and cancellations was lower than we experienced with Delta last summer, which was also significantly lower than the impact of the surge in COVID cases in EMEA, in particular, in Q4 2020. Guests are planning more travel despite variants and surges.Finally, cross-border travel continues to recover and has accelerated each quarter in 2021, recovering to nearly 35% of global gross nights booked in Q4 2021, up from 20% in Q1 2021. In the U.S., gross nights booked for urban travel were up compared to Q4 2019. Gross nights booked growth at urban destinations in Q4 2021 accelerated from Q3 2021 and have nearly recovered to Q4 2019 levels. Domestic and non-urban travel have grown throughout the pandemic, with non-urban gross nights booked up nearly 45% compared to Q4 2019. Guests are discovering thousands of small towns and rural communities on Airbnb.This substantial improvement in Adjusted EBITDA demonstrates the continued strength of our business, as well as a significantly improved cost structure 1.
#Turnover bnb cost full#
For the full year 2021, Adjusted EBITDA margin was 27%. Adjusted EBITDA margin was 22% for Q4 2021. Adjusted EBITDA in Q4 2021 of $333 million was our highest Q4 ever, increasing significantly from losses in both Q4 2020 and Q4 2019.
Q4 revenue of $1.5 billion was 38% higher than Q4 2019.Q4 2021 and full-year 2021 Financial Results Our Host community continues to thrive and is larger than ever, with 6 million active listings at the end of 2021. Guests are returning to cities and planning more travel despite variants and surges. Despite the headwinds from Omicron, GBV was $11.3 billion in Q4, representing 32% growth compared to Q4 2019 attributable to nights booked recovering and strength in ADR. Through the adaptability of our model and continued innovation, we were able to close out 2021 with our strongest Q4 ever. Airbnb’s adaptable model and relentless innovation are making it possible for us to grow this new category of travel we created.” We are amidst the biggest change to travel since the advent of commercial flying. “The fourth quarter was another record quarter and 2021 was the best year in Airbnb’s history – despite the global pandemic. Airbnb Co-Founder and CEO Brian Chesky said: Today we issued our fourth quarter and full-year 2021 financial results.
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