The Pandemic impact to Airbnb

The Pandemic impact to Airbnb

Airbnb's IPO has now completed. Shares were originally priced from US$45-US$50 per share it went up to US$55-US$60 the day before listing. By the time of the listing, the final price was US$68.

Airbnb is a holiday rental marketplace. Users can book homestys and tourism experiences or become a host by listing their properties for rental. Those properties are not owned by Airbnb, however, when those properties rented, Airbnb receives commission from each booking. Despite its successful IPO, the business has been impacted by the COVID-19 pandemic.

According to statista (graph below), Airbnb's booking dropped by 127% in Mar'20 and followed by 119% in Apr'20. It then slowly recovered. The gross booking was dropped between 14% to 19% during Jun'20 to Sep'20. 

As the COVID-19 is not yet under control in many countries, the case number still is increasing in some countries like UK and US, it is hard to tell what would be the impact to Airbnb in 2021, and whether the share price will be impacted by the on-going pandemic.

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