Airbnb CEO predicts bosses mandating office return will vacation in the Hamptons while consumers prioritize affordability

Airbnb CEO Brian Chesky believes that many bosses calling for employees to return to the office may not be consistent with their own in-person work, stating that they may be going away for the summer. Chesky also questioned the productivity benefits of having employees physically in an office together and constraining hiring to a specific commuting radius. He also announced Airbnb Rooms, a renewed focus on booking individual rooms, to provide cheaper options for users amid rising costs. Airbnb shares fell by 10.9% following the release of the company's most recent earnings, despite beating expectations on revenue and swinging to a $117 million quarterly net profit.