Politic > Travel

Will Airbnb Do to Small Towns What It Did to New York and Barcelona?

1 month ago   |   By The New Republic

In August, despite a global pandemic that had caused a nosedive in travel revenue, Airbnb filed initial public offering paperwork with the Securities and Exchange Commission. In an interview with CNBC, CEO Brian Chesky was emphatic: “Travel as we knew it is over.” He had spent the spring overhauling his business model; laying off roughly a quarter of his global workforce; touting his rentals as work spaces, not just vacation homes; and shifting Airbnb's marketing focus from the urban core to more rural destinations like small towns in Texas and the Catskills, together with national parks...
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