Browse Tag

cancel

Airbnb: 40% drop in bookings and loss of $276.4 million

4 mins read

The FINANCIAL — Airbnb Inc’s bookings in major cities across the world have plunged. People are deciding to cancel travel plans because of the coronavirus outbreak. Also, there is an increasing number of travel restrictions being put in place around the world. Some online travel companies have already issued warnings. Expedia, which runs sites such as Hotel.com, has said it expects the virus to hit its earnings by somewhere between $30m (£24m) and $40m. Meanwhile, Booking.com, the travel booking platform which is home to more than six million “alternative” listings for apartments and home-stays, earlier this week pulled its forecasts,…

Read More »

Airbnb: 40% drop in bookings and loss of $276.4 million

4 mins read

The FINANCIAL — Airbnb Inc’s bookings in major cities across the world have plunged. People are deciding to cancel travel plans because of the coronavirus outbreak. Also, there is an increasing number of travel restrictions being put in place around the world. Some online travel companies have already issued warnings. Expedia, which runs sites such…

Airbnb proposes flexible reservation policies over coronavirus

5 mins read

The FINANCIAL — Since the World Health Organization declared a global health emergency for the Coronavirus (COVID-19) outbreak, Airbnb has been closely monitoring official news and guidance in order to support community of hosts, guests, and employees around the world. The new program is called “More Flexible Reservations,” and it has been designed to ”…