Airbnb saw the number of bookings collapse due to the corona crisis in the past spring, Bloomberg news agency reports Thursday. In May, 70 percent fewer stays were booked via the website than a year earlier. The market recovered slightly in June, but the number of bookings was still 30 percent behind compared to a year earlier.
Interestingly enough, more people book an overnight stay in their own country. In the United States, Airbnb saw more domestic bookings between May 17 and June 3 than in the same period in 2019. A similar trend can be seen worldwide. Airbnb thinks this is because people like to stay in sparsely populated areas because of the corona crisis and prefer not to cross the border.
Due to the corona crisis, Airbnb revenue decreased 67 percent in the second quarter from a year earlier. Sales fell from more than 1 billion dollars (almost 850 million euros) to 335 million dollars. This brought the company to a loss of $ 400 million before taxes, depreciation and amortization.
Despite the hefty corona effect, Airbnb still plans to go public this year. The rental platform announced this to American media earlier this week.