Airbnb Inc.’s bookings are tanking in major cities world-wide amid the coronavirus pandemic, new data show, compounding the pain for the home-sharing giant as it mulls listing in a turbulent market.
Just over 1,600 bookings were made in Beijing from March 1 to March 7, down 96% from the more than 40,000 bookings made Jan. 5 to Jan. 11, according to a report issued late Wednesday by Airbnb-analytics firm AirDNA. Bookings made in Seoul and Rome fell more than 40% over the same period, which predates Italy’s nationwide quarantine....
Airbnb's going public, and floating shares on the world's stock markets, would be another instance of crowd-investing. Returns could be realized later in the form of pensions to assist the adherents.
You cannot prop up an economy when 80% of participants or more can’t participate. Hello “Great Recession II 2020”
Soon cheap Real estate price in all major cities. Airbnb pumped it much, it's time to come back to reality.
good