But I guess, as Brian mentioned, over time, those things equalize out, and that greater supply definitely helps our overall performance. I’d say in terms of, you know, U.S. very specifically, a couple of things. We’re seeing overall very stable growth in the U.S. So, to answer your question, we do think that the healthy supply growth of 18% could be a great leading indicator down the road of where demand could be.
It was more affordable, it was more unique with more character, and it was better equipped? They’re two million of the best listings on Airbnb based on rating, review, and reliability data on 500 million trips in Airbnb. Since we launched that product in November, we are seeing a shift in bookings toward Guest Favorites. I think there’s https://www.bookstime.com/ just a fundamental principle where we wanna make sure that we’re giving more value to our guests and our hosts than we take in our take rate over time. And we’re going to continue to be more nuanced in how we make those choices going forward. Yeah, to be clear, you know, when we announced this recently, we updated our terms of service.
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Also, during this call, we will discuss some non-GAAP financial measures. Good afternoon, and thank you for joining Airbnb’s earnings conference call for the fourth quarter of 2023. As a reminder, this conference call is being recorded and will be available for replay from the investor relations section of Airbnb’s website following this call. I will now hand the call over to Angela Yang, director of investor relations. If a tax document was issued to you, you can get a copy of it in your Airbnb account. If there are any negative adjustments, you will need to exclude these as Form 1099-K reports on gross transactions before adjustments.
