In this episode of Influencers, Airbnb CEO Brian Chesky joins Andy Serwer to discuss the pandemic's impact on his business and the travel industry, racial inequality in the workplace, and a potential IPO this year.
#Coronavirus #COVID19 #Airbnb

Billionaire Airbnb Co-founder and CEO Brian Chesky told Yahoo Finance that the coronavirus outbreak has permanently altered travel preferences across the globe in ways that will shape the hospitality industry going forward.

“Travel has changed forever,” says Chesky, whose company suffered hundreds of millions in losses and laid off a quarter of its staff in the aftermath of the outbreak. “The world of travel as we knew it in January is never coming back.”

“I feel very confident about that,” he tells Yahoo Finance Editor-in-Chief Andy Serwer during a special All Markets Summit Extra: Road to Recovery on Tuesday.

Zoom meetings have largely replaced business travel, and leisure trips have shifted away from metropolitan areas toward easily accessible rural locations, he said.

“People are saying they do want to get out of the house, regardless what country they're in,” Chesky says. “But they aren't right now super comfortable getting on airplanes. They want to get in cars, and they want to travel not more than 300 miles away or 200 miles, a tank of gas.”

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