Airbnb had to make a very quick decision due to the pandemic. Airbnb aims to start a recovery process with market supply.
Airbnb aims to recover with market supply
The pandemic period caused serious contractions, especially in the service sector. Tourism and travel have come to a halt, especially as people spend more time in their homes.
Airbnb was one of the companies that suffered the most during the pandemic, whose effects still continue. Airbnb, who even had to lay off most of its employees, gave the signals that the coming years would be bad for him.
Airbnb, with an estimated value of $31 billion in 2017, has dropped to $ 18 billion this year, according to the Wall Streer Journal. In other words, there has been a decrease of almost 50 percent for Airbnb compared to the previous years. Due to the uncertainty about when the pandemic will end, Airbnb is preparing to take some important steps for its future. It is claimed that Airbnb has made the necessary official applications to go public. So, we can say that it will not be a surprise that Airbnb will go public in a very short time. Airbnb plans to get rid of the economic depression in the short term in this way.