Year-on-year weekly change in global Expedia rental bookings due to COVID-19 Q1 2020
The global travel and tourism market is one of the worst hit by the coronavirus (COVID-19) pandemic. As a result, companies such as Expedia are now coping with the virus' damaging effects. In the first week of 2020, there were three percent more Expedia short-term rental reservations than in the previous year. By week two, the company saw this figure rise to 24 percent more year-over-year reservations. However, this growth didn't continue and in week 14 of 2020, short-term rental bookings on the Expedia platform saw a 95 percent drop over the previous year as a result of the coronavirus pandemic.
