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Airbnb CEO Brian Chesky on Thursday predicted that travel would change permanently as a result of the pandemic with people searching thousands of smaller cities and spending more time visiting friends and family.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| ABNB | AIRBNB INC. | 180.50 | +10.51 | + 6.18% |
Traditional tourism and attractions at global top destinations will be significantly reduced by travelers traveling to smaller communities and flying less for business meetings.
AIRBNB BLOCK, ALL DC RESERVATION DURING RENTAL CANCELLOR
Travelers’ long for what has been taken away from them, ‘Chesky told Reuters Next conference in an interview with Jonathan Weber, Reuters’ global technology editor. “They do not long to see Times Square. What they crave is to see their friends and their families that they have not seen in a long time. ”
The startup was hit by the COVID-19 pandemic in early 2020 and its business dropped by 80% in just over eight weeks.
Airbnb CEO Brian Chesky on Thursday predicted that travel would change permanently as a result of the pandemic with people searching thousands of smaller cities and spending more time visiting friends and family.
As facilitations eased, more travelers preferred to book homes instead of hotels, helping Airbnb make a surprising third-quarter profit. The business in San Francisco has grown in increasing interest in renting homes outside major cities.
The home rental firm was offered in a yield public offering in December and its shares more than doubled in their debut in the stock market. Shares of Airbnb rose as much as 10% on Thursday to a record high of $ 187.42.
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The rental platform sparked the discussion of home rentals in the Washington DC area for the inauguration of Pres. Joe Biden canceled next Wednesday after law enforcement officers warned of a threat from armed militias.
Chesky recalls the white opposition in Charlottesville, Virginia and said he did not want the platform to involve people traveling in violence in communities.
Airbnb made the decision after consulting local and federal officials, and after a number of hosts worried about possible attacks to cancel bookings.
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However, major hotel chains, including Hilton Worldwide Holdings Inc and Marriott International, have said they plan to maintain existing bookings.