Airbnb forecasts lower third-quarter revenue as U.S. demand slows

Domestic travel in the U.S. has been pressured since the start of the year as more Americans have grown cautious about travel spending on worries about the health of the U.S. economy.

Airbnb forecast third-quarter revenue below estimates on Tuesday and warned of shorter booking windows, suggesting travelers were waiting until the last minute to book due to economic uncertainty, sending its shares down about 14.63% after the bell.