Rooms for Rent – Airbnb Crashes

“No one anticipated that a global pandemic would require the country to shelter in place, upend the economy,” said Airbnb spokesman Nick Papas. “This is temporary: Travel will bounce back and Airbnb hosts—the vast majority of whom have just one listing—will continue to welcome guests and generate income.”

It’s not just the big hotel chains that are hurting.  For more insight read the full article at nakedcapitalism.com which contains absolute gems like the quote below.

It takes a lot of gall or a lot of ignorance to peddle a line like that.

My vote is IGNORANCE.

It will be a long time before travelers return to flying petri dishes and spend time in a rented room in someone else’s house.

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