Data shows domestic bookings for the first half of April increasing over 200% compared to March. FMTNews Airbnb
CALIFORNIA: 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.
Still that’s about half the bookings seen the week of Jan 6. Shatford said his firm’s data includes bookings from international travellers staying in China. China is an important market for Airbnb, and the country’s recovery from the coronavirus outbreak is being closely watched as an indication on how other countries now reeling from the virus and related shutdowns may fare.One included warrants that can be exercised at a price that would equate with a US$18 billion valuation – well below the US$31 billion valuation seen in Airbnb’s 2017 Series F fundraising round.
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