Consumers are still spending on travel, transportation and convenience services even as household budgets remain under pressure, with Airbnb, Lyft and Instacart all reporting stronger-than-expected demand Thursday.

Airbnb said second-quarter revenue reached $3.61 billion, ahead of Wall Street expectations, and raised its full-year growth outlook to at least the mid-teens. North American booking growth accelerated to its strongest pace in nearly three years, helped by major events including the FIFA World Cup.

The results suggest travelers are becoming more selective rather than pulling back entirely. Consumers may be cutting spending in some discretionary categories, but they continue to prioritize trips and experiences they consider worth the cost.

Lyft reported revenue of $1.84 billion, up 16% from a year earlier, while gross bookings rose 23% to a record $5.50 billion. The company also said roughly 30% of North American rides were connected to partnerships including DoorDash and United Airlines.

That partnership growth matters because ride-hailing companies are becoming more deeply integrated into travel, delivery and loyalty programs rather than relying only on customers opening an app and ordering a standalone ride.

Instacart also delivered stronger guidance, forecasting third-quarter gross transaction value of $10.30 billion to $10.55 billion, above Wall Street expectations. Consumers continued ordering groceries online even as they shifted toward cheaper products and smaller baskets.

The common thread across all three companies is not unlimited consumer strength. It is continued willingness to pay for services that save time, provide convenience or support experiences people still value.

For businesses, that distinction matters. Consumers remain highly sensitive to price, but demand has not disappeared. Companies that can demonstrate clear value are still finding room to grow even while households remain cautious elsewhere.

Airbnb shares jumped in after-hours trading, while Instacart also rose sharply following its report. Lyft gained more modestly.

The broader consumer picture remains uneven, but Thursday’s results offered another sign that spending is rotating rather than collapsing.

JBizNews Desk | San Francisco

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