How Domestic Travel & Long-Term Stays Saved Airbnb in Pandemic Era
Skift Take
As people wanted to escape from cities and wanted more space, they fled to Airbnbs within driving distance of where they lived. We knew that anecdotally. Now we have hard numbers from Airbnb's S-1 filing.
From the fresh-off-the-press Airbnb IPO S-1 filing, a first look at how a resurgence in domestic travel really saved one of the hottest companies in travel in a year where almost everything in travel shut down.
From its filing, this extract below on domestic bookings for Airbnb:
"Against an otherwise highly negative travel backdrop, there are several areas of our business that have shown resilience, notably, domestic travel, short-distance travel, travel outside of our top 20 cities, and long-term stays. While we believe that travel will change as a result of COVID-19, the adaptability of our business suggests that we are well-positioned to serve this dynamic market as it continues to evolve and recover.
To provide additional information on the impact of the COVID-19 pandemic on our business, we have included below year-over-year comparisons of monthly booking trends in the fourth quarter of 2019 and the first nine months of 2020.
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