New data shows dramatic decline in Canadian Airbnb bookings in summer 2020

Airbnb co-founder and CEO Brian Chesky speaks during an event in San Francisco in February 2018. AP Photo/Eric Risberg, File

Short-term-rental bookings in Canada’s three largest cities declined dramatically for the peak summer travel months, according to new data obtained by The Logic, showing just how severe and prolonged the pandemic’s impact has been on urban tourism and the companies that depend on it. 

For Airbnb, a behemoth in the online-vacation-rental space, the sharp declines in three of its biggest Canadian markets speak to the challenges facing the company as it gears up to go public after laying off thousands of workers amid months of tanking revenues.

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