Airbnb revenue tanked 67% in second quarter | Hacker News Reader

Airbnb revenue tanked 67% in second quarter

bloomberg.com

23 pointsxoxoy9 comments

To be honest this depresses me a little bit because I would like to see more houses (and maybe apartments) become available on a month to month/daily basis rather than having to sign a traditional year long lease.

The prices are all obscene right now, just way too high, no matter the time frame. The industry is still ripe for disruption if not destruction of existing norms that will benefit consumers.

First step would be to embrace working from home everywhere it is feasible. Then convert that massive amount of unused commercial space to residential living. Problem Solved.

This pretty much. There are so many great places to live, cheap places to live, that have no local economy.

Once the average person is truly a member of the "global economy" and can participate it in from whatever they are, overheated housing markets will rapidly cool.

Alternatively, ‘AirBnb revenue kept at 33% of prior level during worldwide pandemic with far-reaching intranational and international travel bans’

Wow. I know lots of people -- myself included -- who escaped the city for an AirBnB. If you're working remotely and have a little cash to burn, why live in the city, when you can live in the mountains or by the beach for a little while? But I suppose the overall decline in the travel industry far, far outweighed that possible bump.

Most of us have year long leases that we are chained to. If I didn't, I'd be long gone!

For me, I had a huge vacation in March that was cancelled (and luckily I got completely refunded) and so we just put that money towards the AirBnB.

Parks and many beaches are closed due to covid-19. You can't escape the pandemic when the directive is to shelter in place.

I did this in June, by then, all outdoor activities were allowed. And in many places, parks remained open.

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