Re:Turns out claims Airbnb was taking houses out of the rent...
by wolco on Sunday March 22, 2020 @01:21AM
(#22652934)
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?
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Re:Turns out claims Airbnb was taking houses out of the rent...
by jzl on Sunday March 22, 2020 @01:35AM
(#22652984)
Take 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-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-in...