brianchesky
Airbnb bookings have hit a record high despite the cost of living crisis. Roughly 140 million nights and experience have been booked through the website between the second financial quarter of 2022, a new high for the service, following the drop of COVID-19 travel restrictions. Long stays are the quickest growing type of stay increasing on the site, a move believed to be motivated by the solidifying of working from home. Short term, such as city breaks, have also seen a rise in interest with the firm labelling the period as their biggest summer season and informed shareholders it was well posi...
BANG Showbiz English
Airbnb bosses sought inspiration from Apple when the COVID-19 pandemic caused business to slump. The holiday home rentals site appeared to be in trouble when coronavirus first swept across the globe, sparking an 80% drop in business, but CEO Brian Chesky has explained how they moved to become a "functional organisation" instead and even though sales are now strong again, their new way of working has proven to be more effective. Asked how the crisis changed the company, he told Fortune: "By necessity, we switched to being a functional organisation. We had about 10 divisions before the pandemic....
BANG Showbiz English
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