You are here

Airbnb, vacation-rental sites see surge in summer demand

It is the first signs of life for an industry that had grounded to a halt in March

BT_20200609_AIRBNB_4139246.jpg
Airbnb was valued at US$31 billion in its most recent private fund-raising round, though recent debt issuances to shore up its finances have significantly reduced that valuation.

Washington

ANTSY city dwellers in the US who are seeking to escape their Covid-19 refuges are road-tripping to nearby vacation rentals in surprisingly strong numbers, showing the first signs of life for an industry that essentially grounded to a halt in March.

"People, after having...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes