Airbnb city listings are taking a hammering due to the coronavirus - Business Insider

Cancellations of big events have also hit Airbnb rentals. AirDNA analyzed the cancellation of South By Southwest, which last year raked in $16.1 million in rentals. This year Austin property renters are projected to earn just $9.8 million over the same 10-day period.

AirDNA noted that while the outlook is bleak for cities, more remote listings have been less damaged by the outbreak so far. "It's important to note that the impacts are highly localized — that is, the markets affected are largely limited to where the virus actually is. This may seem obvious, but it's important to recognize that the vast majority of vacation rental markets are not in all-out panic mode," the report concludes.

The virus has struck Airbnb at a particularly sensitive time, as the company was planning to launch its public offering this year, beginning the process in March or April.

Yeah and I only got refunded half even tho the city closed my event down for the week... Bunch of crap

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Comcast, AT&T making changes to internet due to coronavirus fears - Business InsiderAT&T is lifting all internet data caps and Comcast is cutting some introductory service fees in response to the shift to more home use amid the coronavirus outbreak Waiting on netflix to add more to their selection. 🤷🏼‍♂️
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Slack sees a 'significant spike' in new users due to coronavirus - Business InsiderSlack is seeing many new users for its free product amid the spike in remote work due to coronavirus, but its true growth comes from deals with large companies. Free users will not help drive revenue. Unless they flip them to paid. There is the problem. The dude in the picture does not look healthy.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

ICE London office closed rest of week after confirmed coronavirus case - Business InsiderIntercontinental Exchange is closing its London office, home to its European futures business, for the remainder of the week in one of the first signs of a key market-structure player impacted by coronavirus Bitcoin never closes
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »