Travel demand is still high despite concerns about an economic decline and higher costs, according to American vacation rental company Airbnb. An all-time high for the lodging website, which was around 104 million nights and experiences booked on the platform between April and June. From April to June, 103.7 million reservations were made, representing a 24 percent increase over 2018 and a 25 percent increase over 2019. The company claims that reservations lasting a week or more account for nearly half of all bookings. North America continues to have the highest travel demand, with bookings up 37 percent from last year. Although travel has recovered from the pandemic, Europe’s growth is trailing behind it due to factors like the weaker pound.

The company assured investors that it was ready for whatever might hit the economy while pointing out that it was presently experiencing its busiest summer travel season on record. Experts claim that a slowdown may even be advantageous for the company. “We think a lot of people may turn to hosting once again, so this is a big opportunity for us,” chief executive Brian Chesky said. Despite the removal of China listings in July, there are still more than 6 million active listings on Airbnb.