Airbnb's CEO compared the coronavirus crisis to Hurricane Maria, saying its business will bounce back, just as it did after the storm that ravaged Puerto Rico
Airbnb CEO Brian Chesky vowed that his company's business will be stronger than ever after the coronavirus-related downturn ends.Airbnb CEO Brian Chesky on Monday promised hosts that the company's business will bounce back following the coronavirus pandemic, saying that it has weathered crises before.
Chesky's message was part of a broader announcement in which Airbnb is setting aside some $260 million to help out hosts.The coronavirus-related hit to the travel industry may be unprecedented and unexpected, but Airbnb has survived economic crises before and has always come back stronger, company CEO Brian Chesky said Monday on a video message live streamed to the company's property-manager partners.
"We are going to weather this storm," Chesky said in his video message. "We are going to get through this together. There's going to be a huge amount of business on the other side." But Chesky vowed that Airbnb will come back stronger then ever once life returns to normal. People have an innate desire to travel and following this crisis, they're going to want to satisfy that need more than ever, he said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb hosts to provide free rooms for British health workersAirbnb hosts will provide free rooms for workers in Britain's National Health Service (NHS) to support their work during the coronavirus outbreak, the company said on Sunday.
Read more »
Airbnb offers NHS workers free accommodation amid coronavirus outbreakTo help 'heroic' NHS staff battling the coronavirus outbreak, Airbnb is helping to provide free accommodation via its Open Homes platform.
Read more »
Ted Baker names finance chief Rachel Osborne as CEOTroubled fashion retailer Ted Baker on Monday named Chief Financial Officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year.
Read more »
Columbia Sportswear CEO takes pay cut to help support employees during coronavirus crisisTim Boyle, president and CEO of Columbia Sportswear Company, is cutting his salary to $10,000 to keep his employees paid during the coronavirus crisis.
Read more »
Recording Academy CEO Talks Industry Relief in Wake of Coronavirus“I’m concerned for fans of music, because there’s not the ability for our creators to be able to continue to put out the volume of music that they normally do,” Harvey Mason…
Read more »