Are you worried that the economy is slowing down or about the high prices hitting households lately? Airbnb, a lodging website, has revealed that its bookings are higher than it ever was before, thanks to people being able to travel once again. However, that’s not the case in all countries, especially where severe lockdown restrictions are still a reality.
Between April and June this year, Airbnb bookings have reached 104 million orders. For the most part, the shift to remote working seems to be the biggest reason for long-night stays. While there has been a reduction in city travel in the past, that also appears to be recovering. This is only the case in places where lockdown restrictions have been lifted.
With China going into a stronger lockdown mode, Airbnb has to stop providing lodging in the country. The demand was too low, especially with everyone being forced to stay at home. In Europe and the U.S., it looks like travel is picking up again, which is why the company isn’t too concerned about the economy failing.
Since Airbnb started when the pandemic was at its highest, the team is glad to see travel becoming popular again. The weaker pound means fewer people in Europe countries reserving lodges, but it’s seeing more people from around the world travel to Euro locations.
Brian Chesky, the chief executive of Airbnb, addressed analysts in a conference call to supply these details. The company will now focus on increasing shares in businesses, hoping to boost its portfolio. We look forward to seeing its plans for the year ahead.