Airbnb had a blockbuster second quarter, with revenue soaring nearly 300% and topping expectations. But it also reported some bad news: The company is worried about the Delta variant’s impact on consumers’ future travel plans.
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Airbnb is expanding a program, focusing on rural communities, including a partnership with the Eastern Band of Cherokee Indians, anticipating more travel to rural areas as the country recovers from the coronavirus pandemic. The NC Rural Center also is part of the effort.
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As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past? Airbnb, DoorDash and Disney, which reported results after US markets closed on Thursday, provide some idea.
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People are hitting the roads and airports for Spring Break trips this coming week and are already starting to make plans for the summer. And that’s good news for companies like Airbnb and its home sharing rival Vrbo, which is owned by online travel giant Expedia.
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IBM and Airbnb settled their patent suit brought earlier this year.
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Airbnb is cracking down on “party houses” beyond the Triangle with bans on properties in Charlotte and the Triad as well.
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Airbnb says it is cracking down on so-called party houses across the Triangle as the COVID-19 pandemic continues to worsen. And this is going to cost hosts some money.
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Demand for initial public offerings has roared back to life on Wall Street, led most recently by highly anticipated debuts from Silicon Valley darlings Airbnb and DoorDash, which are both expected to begin trading in December.
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Billed as a “first-of-its-kind solution,” the platform is built exclusively for governments and tourism organizations and includes tools and locally-specific data to better understand the short-term rental market.
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