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Doug Waldron via flickr
Residents of cities are fleeing from the coronavirus threat to nearby places where they rent vacation property, and do it in unexpectedly large quantities, writes Bloomberg. People are making a quick decision now, Airbnb CEO Brian Chesky told the agency.
People who spent several months on self-isolation “want to get out of the house,” it's “very, very obvious," Chesky told Bloomberg. “But they don’t necessarily want to get on a plane and do not yet feel that they can safely leave their country,” he added. According to the top manager, impulsive trips around the country, booked per day, came to replace foreign travel, which was usually planned for several months.
In addition, weekend trips are replaced by lengthy reservations, Cesky noted. If a New Yorker used to go to Paris for a week in June, now he is resting in the country for a month, the agency writes. “Work from home turns into work from any home,” said Airbnb CEO.
Airbnb recorded an increase in demand for rental property by local residents in the United States, Germany, Portugal, South Korea, New Zealand and other countries. Expedia, Booking and others also noted a surge in demand for such deals, Bloomberg writes.
People want open spaces such as beach towns or mountain villages, Suntrust Robinson Humphrey analyst Naved Khan told the agency. According to him, people are gradually becoming “brave enough” to go somewhere for a few nights. And in most cases, they choose houses and villas, the analyst added.
Bloomberg notes that Airbnb and Tripadvisor cut a quarter of employees, and Chesky said last month he was expecting revenue that was half the size of last year. Booking CEO Glenn Fogel said last week that the pandemic would hit international travel more than the September 11 attacks, the SARS epidemic and the 2008 financial crisis combined.
source: bloomberg.com
People who spent several months on self-isolation “want to get out of the house,” it's “very, very obvious," Chesky told Bloomberg. “But they don’t necessarily want to get on a plane and do not yet feel that they can safely leave their country,” he added. According to the top manager, impulsive trips around the country, booked per day, came to replace foreign travel, which was usually planned for several months.
In addition, weekend trips are replaced by lengthy reservations, Cesky noted. If a New Yorker used to go to Paris for a week in June, now he is resting in the country for a month, the agency writes. “Work from home turns into work from any home,” said Airbnb CEO.
Airbnb recorded an increase in demand for rental property by local residents in the United States, Germany, Portugal, South Korea, New Zealand and other countries. Expedia, Booking and others also noted a surge in demand for such deals, Bloomberg writes.
People want open spaces such as beach towns or mountain villages, Suntrust Robinson Humphrey analyst Naved Khan told the agency. According to him, people are gradually becoming “brave enough” to go somewhere for a few nights. And in most cases, they choose houses and villas, the analyst added.
Bloomberg notes that Airbnb and Tripadvisor cut a quarter of employees, and Chesky said last month he was expecting revenue that was half the size of last year. Booking CEO Glenn Fogel said last week that the pandemic would hit international travel more than the September 11 attacks, the SARS epidemic and the 2008 financial crisis combined.
source: bloomberg.com
