Covid-19 pandemic hits Airbnb hard as company loses millions in revenue
NEW DELHI: Hit hard by the Covid-19 pandemic, the home-rental service Airbnb saw its gross booking revenue (GBV) nosediving by 39 per cent to reach 18 billion, while generating sales worth $2.5 billion (down 32 per cent year-on-year) in the nine months that ended in September 30. The company which filed for an initial public […]
Airbnb invests $200 million in OYO for Indian mart
NEW DELHI: SoftBank-backed OYO has raised funding from the US-based online accommodation platform Airbnb, a move that will provide the Indian hospitality chain more ammunition to stren-gthen its presence in the Indian and global markets. The investment details were, however, not disclosed. According to sources, Airbnb is pumping in between $100-200 million (about Rs 690-Rs […]