Hotels everywhere are suffering from people practicing social distancing due to the Coronavirus pandemic. Less travel, less vacation, fewer trips, all means there's less need for booking an Airbnb ($PRIVATE:AIRBNB). The soon-to-be public company has taken quite the hit recently since people are trying to self-isolate as to not infect anyone else. And going to a bread-and-breakfast is not safe as of yet, as sad as that is to say.
Our Facebook 'Talking About' count shows the steep decline in online chatter and buzz about going anywhere new and staying at an Airbnb. From the last day of 2019 until today, the number of people discussing the app has plummeted 71%, and there's no telling how much further down this will go as the news gets more dire and more cases are reported. It'll all lead to much less travel, and a big hole in Airbnb's wallet soon. If the quarantines last months, there's no telling how bad the data could get, and the impact it could have on the IPO.
Here are some other famous hotel names and their collective Talking About count on social media. There's clearly not a lot of public interest, and the entire industry will be reeling for a bit until the summer months, where things will (fingers crossed) get better for the world.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.