Why is AirBnB going public at the height of COVID19 when its business is badly affected?
- kswck2Lv 72 months ago
THEY have no physical assets that would suffer during the pandemic. But, they do need cash flow to expand their business. An IPO would do that.
- ?Lv 72 months ago
Wih interest rates on savings near zero, and no more fast, quick gains in the stock market investors are willing to gamble that AirBnB is "the next big thing."
- Anonymous2 months ago
AirBnB doesn't own/operate any properties. Most of their expenses are admin which was easy to slash when bookings went down. They can adjust very quickly unlike brick & mortar hotels which are like trying to turn the Titanic.
Many travelers feel safer in a single AirBnB unit than in a big hotel/spa/resort.
AirBnB has been recovering quite nicely in recent months. Covid fatigue has set in, life goes on, people must travel for whatever reason.