Airbnb Owns Today's Travelers, But What About Tomorrow's?

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With the future of travel up in the air, Airbnb appears to be capitalizing on travelers staying grounded—for now.

After airline travel ground to a virtual halt in April, the pandemic’s initial hit seemed to impact the accommodations sector with near equal decimation. Marriott International, the world’s largest hotel chain, said its revenue per available room fell 90% year-over-year in April, while Airbnb lost nearly $1.5 billion in bookings in mid-March, according to market research firm AirDNA LLC. In a letter to employees…

A Global Asset Management Seoul Korea Magazine

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