What will happen to home-sharing in the wake of coronavirus? It’s one of many questions about the fate of pre-pandemic sharing-economy juggernauts like Airbnb.
[...] with tourism on hold, national economies staggered, and public attitudes about shared space very much in question, the prospects for that industry are now murky.
— CityLab
Feargus O'Sullivan on the consequences of the short-term rental market's collapse, with particular focus on the industry's dominating player, Airbnb. In the aftermath of a worldwide wave of coronavirus-related booking cancellations, some apartments are reportedly returning to the local long-term rental market.
"Many might welcome the disappearance of at least a proportion of home-shares as a long overdue correction," O'Sullivan writes on CityLab. "It’s certainly possible that quality of life for residents might improve in some heavily touristed areas — such as Barcelona’s Old City — if more apartments had full-time tenants, thus reducing noise nuisance and supporting a broader ecosystem of locally focused stores and amenities."
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