Airbnb Reveals Significant <br />Increase in US Bookings The company reported more reservations <br />from May 17 through June 3 this year than <br />the same time period last year. The increase is a sign that Americans are ready to <br />start traveling again after spending months <br />in quarantine due to the coronavirus. Airbnb has been heavily <br />impacted by COVID-19. Just last month, <br />the company reported layoffs <br />for 25 percent of its workers. According to CEO Brian Chesky, <br />bookers are making plans within <br />driving distance of their own homes. According to CNN Business, this is due to <br />international travel restrictions that <br />are in place because of COVID-19. Chesky adds that people are staying in Airbnb <br />rentals for longer periods of time. The reservations <br />are typically for a week or more. Brian Chesky, via 'Bloomberg' Chesky says other countries <br />have also seen a jump in <br />domestic bookings. He even adds that Airbnb <br />has not ruled out possibly <br />going public later in 2020. The CEO does predict that <br />revenue for 2020 will be half <br />of what 2019 brought in.
