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Anyone think Airbnb will take a hit after people become more concerned with covid? Creating a less travel friendly society and if they have to travel for busin
by wolco 7y ago
Anyone think Airbnb will take a hit after people become more concerned with covid? Creating a less travel friendly society and if they have to travel for business they will demand a properly cleaned hotel room?
- jzl 7y agoTake a hit after? Heck, let's talk about right this second. It's already happening: https://www.wsj.com/articles/airbnb-racks-up-hundreds-of-millions-in-losses-due-to-coronavirus-11584723498 https://www.wsj.com/articles/airbnb-racks-up-hundreds-of-mil... Paywall, but even just the headline and first paragraph tell you what you need to know. And yeah, I don't see how this doesn't completely decimate their business model. The likely coming worldwide recession will see far less spending on travel, not even counting residual behavioral changes re: covid as you mention. UPDATE: Non-paywalled article: https://finance.yahoo.com/news/airbnb-mulls-cash-infusion-investors-145507408.html https://finance.yahoo.com/news/airbnb-mulls-cash-infusion-in...