23 in early trading on Friday as investors welcomed its raised annual revenue-growth forecast and signs that its AI investments were paying off. The stronger outlook also eased concerns about the Iran war’s impact on global travel demand.

Citing resilient travel demand, Airbnb now expects full-year revenue growth of at least the mid-teens, compared with its previous forecast of lowto mid-teens, Reuters reported. 57 billion, according to LSEG data.

“Despite the ongoing conflict in the Middle East, we continue to see strong underlying demand globally,” Finance Chief Elinor Mertz told Reuters on Thursday, adding that the company had not factored any significant impact into its current-quarter outlook. Airbnb also highlighted the benefits of its AI tools, easing concerns that the technology could disrupt traditional travel companies.

“In addition to building out services and experiences, Airbnb is growing hotel supply, such that room nights grew at three times the rate of homes. “AI is the best thing to ever happen to Airbnb,” CEO Brian Chesky said on a post-earnings call.

Airbnb said customer-support costs per booking fell about 16% from a year earlier, partly due to improvements in its AI assistant.