Airbnb reported a slowdown in bookings growth for the first quarter of 2025, with revenues increasing by 6% year-over-year, down from 12% growth in the previous quarter. The company attributed this deceleration to global economic volatility, which has made consumers more cautious in their travel plans. Airbnb's CFO Ellie Mertz highlighted a decline in foreign travelers coming to the United States, particularly noting that Canadian travelers are reducing trips to the U.S. and instead favoring destinations such as Mexico and the Caribbean. Despite these challenges, Airbnb narrowly exceeded earnings and revenue estimates for the quarter and stated that its business model remains adaptable to ongoing consumer uncertainty. Multinational travel companies continue to capture business from travelers bypassing the U.S. market.