Airbnb’s announcement that travel can become a more local burden can be a welcome relief for the masses of EU primary cities reveling in the apple fight in the authentic real estate market. The news that the bookings are in the design can also be perfect news for the apple being compared, which is very easy to make plans for an IPO, and its hosts of the big apple, which have had an uneven start for the year.
Airbnb didn’t paint the pandemic well. He fired 25% of his paint strength and, as CNBC reports, had to raise $2 billion in equity and debt to shore up his balance sheet.
He was praised for introducing a cleaning protocol for his hosts and for introducing a formula that allows hosts to deceive key fitness staff at no charge or at a discounted rate, and for pronouncing a loose rebudget to consumers who also cannot use their reservations due to restrictions.
However, after a widespread complaint from hosts who temporarily lost the consequences when visitors began canceling, Airbnb mobilized a $250 million global fund to support the hosts. He also created a $10 million superhotel fund (for visitors who constantly get good ratings), so apply for subsidies to pay rent. No doubt with his eyes on his next IPO, he funded himself through $1 million of Airbnb staff donations and $3 million, either from Airbnb’s 3 founders.
On 12 March, the Financial Times reported that Airbnb’s reserves decreased by 40% in major European cities and China combined, due to the SARS-CoV-2 pandemic.
In early May, Airbnb recovered strongly in the United States, where reserves in Texas increased by 10%, Georgia by 8.3% and Arizona by 7.8%. Joseph DiTomaso, CEO of AllTheRooms Analytics (which tracks occupancy rates for more than 12 million homes in 200,000 regions on Airbnb and Vacation By Owner), said that “U.S. occupancy rates have dropped by 38.3% since 2019, but the annual gap is shrinking.”
In June, according to CNN, Airbnb reported that it had more bookings in the U.S. between May 17 and June 3 (including Memorial Day weekend) than during the same time period a year earlier.
The signs were clear: Americans were able to after weeks of lockdown, but only in the United States.
Portugal, South Korea and the Germabig apple also experienced similar rebound levels.
Airbnb CEO Brian Chesky told CNBC that “it doesn’t advance that it was over, we knew it was over and it will never come back.” individual countries
Chesky reported that to U.S. consumers. Now they like to spend their holidays in national destinations driven within a two-hundred-mile radius in their homes.
Fortune’s Leadersend Next podcast said: “People don’t want to get on planes, they don’t want to cross borders, they don’t want to do business, they don’t have more friends than want to travel in cities… wanting to do is get into a vehicle and.
Customers also work for longer periods, on average a week or more, because they paint remotely.
Tensions between Airbnb and the EU’s top tourist destinations have been h8 for the past two years. The mayors of the cities of Barcelona and Paris are fighting Airbnb’s control in the market position as homeowners increasingly use Airbnb (because they earn more), in connection with supplying their assets to local tenants.
If Airbnb is right in its long-term assessment of the market position and other Americans are less overseas to primary classic destinations, it follows that the big block of those sour battles can also be reduced in length and importance.
For the past two years, Airbnb has worked hard for the service and burden of its business. After suffering bad press after uncontrollable games and scams, he has earned his reputation with various programs, adding running with EU governments to host taxes, running with anti-trafficking charities and providing tens of thousands of carbon monoxide alarms to their hosts. .
Airbnb intended to have the public provide stock by the end of 2020, and even if the combined apple did not rule out that, it is less likely.
Chesy founded Aribnb with Joe Gebbia and Nathan Blecharczy in 2008.