Airbnb bookings are tanking in major cities as the coronavirus spreads, compounding the home-sharing giant's pain as it mulls going public in turbulent markets
Airbnb Inc.’s bookings are tanking in major cities world-wide amid the coronavirus pandemic, new data show, compounding the pain for the home-sharing giant as it mulls listing in a turbulent market.
Just over 1,600 bookings were made in Beijing from March 1 to March 7, down 96% from the more than 40,000 bookings made Jan. 5 to Jan. 11, according to a report issued late Wednesday by Airbnb-analytics firm AirDNA. Bookings made in Seoul and Rome fell more than 40% over the same period, which predates Italy’s nationwide quarantine....
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