| I agree 100% as well. A couple things: 1. They already own the short-term rental market. Why not expand to the long-term rental market and undercut the broker fee that currently occur right now. 2. Pent up demand for travel: Reality is that once/if vaccine hit you can bet consumers are going to travel like crazy due to pent-up demand after being stuck at home for months. 3. Movement to WFH: The movement to WFH will only become more pronounce after Covid. If this is the case you will see a bunch of consumers ask why bother staying in the city I was working at if I can WFH anywhere in the world? Thus AirBnb rentals would be the key to doing this. 4. Fear of the crowds: If you had a choice of staying in a crowded hotel where perhaps the cleaning is slightly better vs. staying at a home where minimal crowd what would you chose in a world with Covid? In fact what they should do is offer an extra add-on for guest to pay for a more deep clean of the unit prior to rental. 5. Hotels with fixed cost are going to drop like flies: Means less hotel inventory globally as they go out of business. 6. Due to loss of jobs/income: More folks will need to securize their fix assets meaning house for additional income which means more inventory for Airbnb Anyway this all assumes that a vaccine comes out and in the near-term it is going to be pretty brutal for them. |