The global travel and tourism market is one of the worst hit by the coronavirus (COVID-19) pandemic. As a result, companies such as Airbnb are now coping with the virus' damaging effects. In the first week of 2020, there were 18 percent less Airbnb short-term rental reservations than in the previous year. By week two the company saw more bookings than in 2019, the figure rising to four percent more year-over-year reservations. However, this growth didn't continue and in week 14 of 2020, short-term rental bookings on the Airbnb platform saw a 95 percent drop over the previous year as a result of the coronavirus pandemic.
Year-over-year change in short-term rental reservations on Airbnb due to the coronavirus (COVID-19) pandemic worldwide in the first quarter of 2020, by week
Characteristic
Year-on-year percentage difference in short-term rental reservations
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Transparent. (March 17, 2020). Year-over-year change in short-term rental reservations on Airbnb due to the coronavirus (COVID-19) pandemic worldwide in the first quarter of 2020, by week [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1114065/airbnb-reservations-coronavirus/
Transparent. "Year-over-year change in short-term rental reservations on Airbnb due to the coronavirus (COVID-19) pandemic worldwide in the first quarter of 2020, by week." Chart. March 17, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1114065/airbnb-reservations-coronavirus/
Transparent. (2020). Year-over-year change in short-term rental reservations on Airbnb due to the coronavirus (COVID-19) pandemic worldwide in the first quarter of 2020, by week. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1114065/airbnb-reservations-coronavirus/
Transparent. "Year-over-year Change in Short-term Rental Reservations on Airbnb Due to The Coronavirus (Covid-19) Pandemic Worldwide in The First Quarter of 2020, by Week." Statista, Statista Inc., 17 Mar 2020, https://www.statista.com/statistics/1114065/airbnb-reservations-coronavirus/
Transparent, Year-over-year change in short-term rental reservations on Airbnb due to the coronavirus (COVID-19) pandemic worldwide in the first quarter of 2020, by week Statista, https://www.statista.com/statistics/1114065/airbnb-reservations-coronavirus/ (last visited November 21, 2024)
Year-over-year change in short-term rental reservations on Airbnb due to the coronavirus (COVID-19) pandemic worldwide in the first quarter of 2020, by week [Graph], Transparent, March 17, 2020. [Online]. Available: https://www.statista.com/statistics/1114065/airbnb-reservations-coronavirus/
