Could Covid19 be the Airbnb host shake out which was needed?

Updated: 24/4/2020 – Enough said

Some Airbnb hosts are a bit screwed right now. Although the platform has had some trouble before Covid19. I’m sure the platform will keep on going but its going change for some.

Airbnb, a home-sharing website, has seen bookings fall by 40% in big European cities as the pandemic halted trips. It may delay its IPO, which was expected to be this year’s biggest. But despite racking up losses of late, it is well-managed, cash-rich and, thanks to an unmatched global reach that puts up a high barrier to entry, likely to make money again once people get back to travelling.

– The Economist

I do not feel sorry for those Airbnb hosts who bought all those extra house/flats for the sole purpose of renting on Airbnb.  They took the living piss extracting huge sums of money and ruined local communities as they did. This could be the world wide shake out of the Airbnb money making mania?

Post Covid19, I’m banking on the emphasis being less on GDP and more on human values.