Airbnb’s CEO says journey by no means goes again to the best way it was earlier than the pandemic

(Reuters) – Airbnb CEO Brian Chesky on Thursday predicted that journey would change completely as a result of pandemic with folks looking 1000’s of smaller cities and spending extra time visiting family and friends.

Conventional tourism and sightseeing on the world’s high locations could be considerably lowered by vacationers who will drive to smaller communities and fly much less for enterprise conferences.

Vacationers lengthy for what was taken away from them, Chesky mentioned on the Reuters Subsequent convention in an interview with Jonathan Weber, Reuters’ international know-how editor. “They don’t lengthy to see Occasions Sq.. What they lengthy for is to see their pals and their households that they haven’t seen in a very long time. ”

The beginning was affected by the COVID-19 pandemic in early 2020 and its operations fell by 80% in simply over eight weeks.

However as locks dropped, extra vacationers selected to guide as a substitute of motels, serving to Airbnb make a shocking third-quarter revenue. The San Francisco-based firm turned more and more involved in renting houses from main cities.

The automotive rental firm started launching a best-selling IPO in December, and its shares greater than doubled in its IPO debut. Airbnb’s share rose as a lot as 10% to a file $ 187.42 on Thursday.


The rental platform has suspended reservation of homecoming within the Washington DC space for President Joe Biden’s inauguration subsequent Wednesday after regulation enforcement warned of a menace from armed militias.

Chesky recalled the white supremacist assembly in Charlottesville, Virginia and mentioned he didn’t need the platform to make it simpler for folks touring to commit violence in communities.

Airbnb made the choice after consulting native and federal officers and after quite a lot of hosts had been anxious about potential assaults, they tried to cancel bookings.

However main resort chains, together with Hilton Worldwide Holdings Inc and Marriott Worldwide, have mentioned they plan to take care of current bookings.

For extra protection from the Reuters Subsequent convention, click on right here or right here

To look at Reuters Subsequent stay, go to right here

Reporting of Subrat Patnaik in Bengaluru; Edited by Lisa Shumaker

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