Sunday, February 28

Significant losses for Airbnb, which is banking on a rebound in tourism in 2021

Times are tough for Airbnb. The San Francisco-based tourist accommodation reservation platform has announced a loss of $ 4.6 billion in 2020 due to the Covid-19 pandemic and restrictive measures put in place around the world.

Its full-year revenues plunged 30% from 2019, but only 22% in the fourth quarter. Over this period, Airbnb has held up much better than its competitors, online travel agencies and retailers. large hotel chains whose revenues have fallen by more than 60% on average.

Airbnb, which published its first results since its sensational IPO last December, is optimistic for the year 2021. The group is banking on a gradual recovery in tourism as the vaccination continues and the lifting of restrictions.

Created in August 2008, Airbnb allows you to search and book short-term rentals anywhere in the world via an online platform. In 2019, the site had crossed the symbolic bar of 500 million travelers.

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