The estimates are based on a prediction that Airbnb will service 129 million guests this year. A related assumption is that the company’s own revenue may top $1.6 billion this year. “While we expected positive results for Airbnb, we were surprised by how well Airbnb fared in a number of key metrics that we see as bullish for the company’s long-term prospects,” the team, led by Kevin Kopelman, said after looking at the results of its survey of 1,400 U.S. hotel and short-term rental consumers in the first quarter, in which they specifically targeted Airbnb users. “The results gave us increased confidence in Airbnb’s growth trajectory,” the analysts said. Cowen is now projecting Airbnb “room nights” to increase from around 79 million this year to 500 million in the next five—and one billion in 2025. Get the full story at Tnooz and Skift Read also "Expedia, Priceline: Airbnb’s $7.2B Bookings a Real Threat, But Overblown, Says Cowen" at Barron's