Millennials are more interested in "passion or experiential travel," which is why Airbnb's 'Experiences' service has grown by 2,500 percent since its launch in November, says Riccardo Ulivi, the division's head of North America.
For the full interview, [click here](https://cheddar.com/videos/airbnbs-experiences-economy).
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
