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- Airbnb shot into the limelight during the COVID-19 pandemic when travel and tourism generally received a red flag.
- Thousands of people across countries are going through financial crunches in the pandemic because of employment loss and health issues. They started renting out on Airbnb and earned some extra cash.
- Another reason why Airbnb’s business boomed during the pandemic was that booking Airbnbs needed the least contact.
American brand, Airbnb, has gained massive traction across the travel and hospitality industry. For those who don’t know, Airbnb is an online marketplace for staycations, home station rentals, and other tourism-related activities. We all realise well that the world tourism industry is highly dynamic. Thus, it is well expected that any major change to bombard the sector will also be highly active and sophisticated.
The advent of Airbnb has significantly transformed the world tourism industry. Airbnb shot into attention during the pandemic when travel and tourism generally received a red flag. However, because of the work-from-home structure, people sought a change of place; thus, the workstation concept evolved and Airbnb has been a major player in developing the workstation and staycation culture.
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Source: © Tpophoto | Megapixl.com
The beginning and the rise of Airbnbs
People may assume that Airbnb is a new company. However, the staycation rental company was established in 2008. With the advancement and wider internet reach, access to Airbnbs has become easier. However, before the pandemic, the platform was never in the global limelight. As the pandemic hit, Airbnb got a major kick-start.
Another significant characteristic of Airbnb is that anybody can participate because the model is extremely democratic. If you have a house and one room in the house is vacant, you can use it for renting out on a short-term basis on Airbnb.
Thousands of people across countries are going through financial crunches during the pandemic because of employment loss and health issues. They started renting out on Airbnb and could earn extra cash through that. Additionally, the ongoing demand and popularity of Airbnb significantly helped the travel industry sustain through the pandemic.
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Another reason why Airbnb’s business boomed during the pandemic was that booking Airbnbs need the least or no physical contact. Thus, in the days when optimum social distancing was practised, Airbnb became an excellent savour for people who wanted to do workstation or go for staycations with family.
Additionally, as the pandemic is less severe now, more people have started renting out their places on a short-term basis to travellers on Airbnb. Airbnb has proven to be a saviour for the global tourism sector. Because in the last two years, when the pandemic hit the tourism industry so badly, it was through Airbnb that some people could sustain well in the industry.
