Airbnb to Quit China Business as Harsh Lockdowns, Competition Weigh on Demand

Indonesia Berita Berita

Airbnb to Quit China Business as Harsh Lockdowns, Competition Weigh on Demand
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 WSJ
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Airbnb will suspend its domestic business in China but continue to serve Chinese travelers booking in other countries

plans to close its domestic business in China after harsh Covid-19 lockdowns compounded the pain from mounting local competition, according to people familiar with its decision. Bookings of stays and experiences in China typically account for about 1% of Airbnb’s overall revenue, the people said.

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