Airbnb rental demand surges as blockade eases

As the new virus blockade eases across the U.S., people are apparently flocking to Airbnb and other rental sites to book rooms for summer vacations,media CNET reported. Airbnb confirmed that in the U.S., bookings were higher in the U.S. from May 17 to June 3 compared to the same period last year, Bloomberg reported Sunday. Airbnb bookings are also reported to be on the rise in Germany, Portugal, South Korea and New Zealand.

Airbnb rental demand surges as blockade eases

Brian Chesky, Airbnb’s chief executive, told Bloomberg that he “really, really understands” that people want to leave their homes, but added that they “don’t necessarily want to fly or leave their country.”

Airbnb suffered a financial blow during the pandemic. It has seen tens of thousands of cancellations and plummeting revenues. In May, the rental company decided to cut about 25 percent of its workforce, or about 1,900 of its 7,500 employees.

The company had planned to make an initial public offering this spring, but those plans were reportedly delayed. Mr. Chesky told Bloomberg that the company had not ruled out a listing this year, but had not “committed itself”.

Airbnb rental demand surges as blockade eases