$Airbnb (ABNB.US)$ China issued an announcement today (24th) that from July 30th, 2022, it will suspend support for domestic travel listings, experiences and related bookings, and will integrate resources to fully serve outbound travel. . Airbnb fell 1.59 percent to $111.48 in after-hours trading.
The announcement emphasizes that the business adjustment will not affect the bookings and services of outbound travel listings/experiences and the confirmed bookings of domestic travel listings/experiences whose check-out date/experience end date is before July 29, 2022 (inclusive). and service.
The announcement stated that the epidemic has disrupted the original pace of development of the tourism industry, and the domestic travel business is facing operational challenges such as high costs. freed.
It is understood that Airbnb was founded in 2008, set up a small-scale team in mainland China in 2014, and officially launched its business in 2015. In March 2017, the company decided to use “Airbnb” as its Chinese name.
Currently, Airbnb is facing increasing challenges from mainland competitors. According to reports, Airbnb China has high operating costs and complex operations, and the epidemic has exacerbated the original problems. In the past few years, Airbnb China’s revenue accounted for only about 1% of the company’s total revenue.
Editor/Jeffrey
This article is reprinted from: https://news.futunn.com/post/15802673?src=3&report_type=market&report_id=206451&futusource=news_headline_list
This site is for inclusion only, and the copyright belongs to the original author.