Airbnb may close its local business in China this summer

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Pinwan, May 24, according to Phoenix Technology, sources revealed that Airbnb is about to close its business in the Chinese market and will notify employees of the matter as early as this morning.

It is reported that after Airbnb shuts down its mainland business, all mainland business will be removed from the shelves this summer. In the future, Airbnb will maintain an office with hundreds of employees in Beijing to provide corresponding services for Chinese tourists traveling abroad. There is little overlap between Airbnb’s outbound travel and domestic business.

According to sources, Airbnb’s business in mainland China is expensive, and the new crown epidemic has also brought a huge impact on the homestay business, and the business recovery is relatively slow.

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