Airbnb Business Rises Again Thanks To COVID-19 Vaccination
JAKARTA - Airbnb's lodging marketplace has seen an increase in bookings thanks to the COVID-19 vaccination, so restrictions on activities are loosened and people start going on vacation.
The San Francisco-based company also expects that in the second quarter at least they can achieve the same revenue as in 2019.
With the hope that travel in the middle of the pandemic and intercity can increase along with the vaccination of all communities in the U.S.
Airbnb CEO Brian Chesky said Airbnb also benefited from longer stay requests resulting from rescheduled trips by travelers traveling in groups.
Airbnb apparently managed to overcome the pandemic because it had prepared offers of larger overnight locations in major cities in light of distance restrictions.
The surge in bookings also occurred in the UK after the government signalled it would ease restrictions, including in France which has slowly opened an easing of activity amid the COVID-19 pandemic.
However, Airbnb does not want to mention 2021 as a good point in their company's economic recovery in the second quarter as the pandemic persists today.
Airbnb recorded a 5.4 percent increase in revenue in the first quarter. The risk of loss also decreased to 59 million US dollars from the previous reached 334 million US dollars in 2020. Losses are calculated from withholding costs due to cancellation of the trip.