Airbnb Chief CEO predicted that travel will never back the way it was before pandemic with people visiting less touristic location and are also spending more time with families and friends.
Traditional tourism and touristic locations around the world would significantly be reduced by travellers. Instead, travellers would be visiting smaller communities, domestic touristic sites and many such destinations and also, people will not fly like before for business meetings.
Travelers are ‘Yearning to see what has been taken away from them’ said the CEO. Speaking at a conference, Brian Chesky CEO of Airbnb said They’re not yearning to see Times Square. What they are yearning to do is to see their friends and their families they have not seen in a long time.”
The startup was hit by the Covid-19 pandemic in early 2020 and its business dropped by 80% in a little over eight weeks.
However, as lockdown eased, more travellers opted to book home instead of hotels thus helping Airbnb post a surprise profit and it also gained interest in renting homes away from major cities.
The home rental service went public with a huge IPO in December with its shares doubling it’s stock market debut.