Airbnb CEO says travel will never go back to before pandemic

On Thursday, Airbnb chief executive Brian Chesky predicted that travel would definitely change due to the pandemic, with people searching thousands of small towns and spending more time visiting friends and family.

Traditional tourism and sightseeing in major global destinations would be drastically reduced by travelers going to smaller communities and flying less for business meetings.

The startup was affected by the COVID-19 pandemic in early 2020 and its activity has fallen by 80% in just over eight weeks.

However, as closures eased, more travelers have chosen to book homes instead of hotels, helping Airbnb post a surprise profit for the third quarter. The San Francisco-based company has benefited from increased interest in renting homes away from major cities.

The house rental company went public in a successful initial public offering in December, with its shares more than doubling when they debuted on the stock exchange. Airbnb shares rose 10% to a record high of $ 187.42 on Thursday.

WILL NOT FACILITATE VIOLENCE

The rental platform has canceled roommate bookings in the Washington DC area for the inauguration of US President-elect Joe Biden next Wednesday after law enforcement warned of a threat from armed militias.

Speaking at the Reuters Next conference, Chesky recalled the rally of white supremacists in Charlottesville, Va., And said he did not want the platform to make it easier for people who commit violence in communities to travel. .

Airbnb made the decision after consulting with local and federal authorities and after a number of hosts worried about potential attacks sought to cancel reservations.

However, major hotel chains, including Hilton Worldwide Holdings Inc and Marriott International, have said they plan to maintain existing bookings.

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