COVID-19: year-on-year weekly change in U.S. short-term rental bookings Q1 2020
The global travel and tourism market is one of the worst hit by the coronavirus (COVID-19) pandemic. As a result, companies offering short-term rentals such as Airbnb, Expedia, and Booking.com are now coping with the virus' damaging effects. In the first week of 2020, there were 24 percent less short-term rental reservations in the United States than in the previous year. By week two, this figure rose to 26 percent more year-over-year reservations. However, this growth didn't continue and in week 14 of 2020, short-term rental bookings in the U.S. saw a 94 percent drop over the previous year as a result of the coronavirus pandemic.
