plans to close its domestic business in China after harsh Covid-19 lockdowns compounded the pain from mounting local competition, according to people familiar with its decision. Bookings of stays and experiences in China typically account for about 1% of Airbnb’s overall revenue, the people said.
Airbnb to Quit China Business as Harsh Lockdowns, Competition Weigh on Demand
South Africa News News
Airbnb will suspend its domestic business in China but continue to serve Chinese travelers booking in other countries