The coronavirus pandemic has been a reasonably unmitigated catastrophe for any and all who serve the now non-existent journey trade: Airlines, car-rental agencies, duty free, hotels. You may count on that short-term trip rental sites could be amongst. Certainly, that’s how issues regarded early within the disaster, when Airbnb stopped paying its hosts, raised billions to remain afloat, reduce promoting and slashed 1 / 4 of its workforce.
As it seems, nevertheless, COVID-19 could also be one of the best factor that ever occurred to Airbnb. As Americans started self-righteously fleeing their city houses for the presumed security (for themselves, in fact: the chance of their bringing the illness into beforehand unaffected small communities by no means appears to be a consideration) of the suburbs and beyond, the leaner, meaner Airbnb was there for them. And now its ready for its payday.
Airbnb on Wednesday introduced that it has submitted a draft registration to the Securities and Exchange Commission for an preliminary public providing….
Airbnb rebounded… after a surge of leases in rural areas as residents with means fled pandemic-stricken cities.
Airbnb was valued at $18 billion following its newest funding spherical in April. That was practically half what the corporate was value in 2017.