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Airbnb said May 5 it will cut almost 1,900 jobs as the short-term home rental company deals with the fallout from a travel industry wracked by upheaval stemming from the coronavirus pandemic.
Earlier this week, property consultancy Knight Frank said global companies are delaying making leasing deals in the Asia Pacific.
Travel companies that focus on experiential tours are going virtual to keep wanderlust in check during the Covid-19 pandemic and the movement control order (MCO) in Malaysia.
PETALING JAYA: The hotel sector, which has been hit hard by the Covid-19 pandemic, is urging the government to regulate home-sharing businesses, such as airbnb, as soon as possible.
IPOH: The hospitality industry needs a special stimulus package to ride out the the movement control order (MCO), says the president of the Perak Chinese Chamber of Commerce and Industry (PCCCI).
GEORGE TOWN: The hotel industry in Penang is facing the full brunt of the Covid-19 pandemic and the prolonged movement control order (MCO).
While the coronavirus pandemic has frozen global travel and hit the travel industry hard, data from home-sharing startup Airbnb Inc shows the number of domestic bookings in China for the first half of April were up more than 200% compared with the same period in March.
Officials in Prague are using the coronavirus crisis to get a firmer grip on short-term rentals like Airbnb, which they say have squeezed locals out of the Czech Republic capital’s centre.
PETALING JAYA: The ongoing Covid-19 pandemic is causing a shift in consumer behaviour towards favour technology-based solutions for consumers.