Airbnb benefited from holiday tourism in the fourth quarter of 2020
Vacation rental platform Airbnb showed a rebound in the fourth quarter of last year. People in their home market, the United States in particular, travel throughout the holiday season. Then sales volume decreased by less than a quarter compared to the last three months of 2019. In the whole of 2020, business volume decreased by 30 percent.
Tourism was hit hard last year when travel practically stopped. However, Airbnb has performed better than many other companies in the industry. Since not many people wanted to go to a hotel because of Corona, they dared to rent a house from someone on Airbnb. In the US, some people have also decided to work temporarily elsewhere now that they have not been required to come to the office.
Airbnb ultimately suffered a loss of $ 4.6 billion, of which $ 3.9 billion went to records in the fourth quarter. As a result of the initial public offering at the end of last year, the company had to calculate $ 2.8 billion in bonus shares.
For this year, Airbnb is counting on a further recovery in the tourism market, especially if a larger portion of the world’s population is vaccinated. Airbnb aims to be ready for that strong expected recovery.
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