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Airbnb says will shut domestic business in China from Jul 30

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SHANGHAI: Vacation rental firm Airbnb Inc said on Tuesday (May 24) it will shut down all listings and experiences in China from July 30. The company made the announcement in a letter posted to its official WeChat account addressed to its Chinese users. It said, however, that Chinese users will still be all

SHANGHAI: Vacation rental firm Airbnb Inc said on Tuesday it will shut down all listings and experiences in China from July 30.

Airbnb launched its business in China six years ago and has booked stays at homes there for about 25 million guests. Bookings at residences in China have accounted for only 1 per cent of Airbnb bookings in recent years, the company has reported. China has persisted with its zero-COVID policy, imposing hard lockdowns and movement restrictions on several cities, even as much of the rest of the world has transitioned to living with the coronavirus.

Bookings on Airbnb hit a new high in this year's first quarter, the firm said in a recent earnings report, signalling that travel demand stifled by the COVID-19 pandemic is being unleashed.

 

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