September 19, 2021

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Tourism: Delta coronavirus variables keep airlines in the red, but Airbnb increases revenue

Tourism: Delta coronavirus variables keep airlines in the red, but Airbnb increases revenue

Despite massive vaccinations in most countries of the world, delta types of the COVID-19 virus have significantly slowed the return of travel, as we’ve seen in the past. Shares of companies in the travel sector, such as hotel chains, airports, booking sites or travel agencies, have fallen sharply over the past 12 months and the uncertainty in travel demand is likely to continue into the year ahead.

Photo: shutterstock

Airlines are particularly affected

“The unfavorable situation was reflected, for example, in airline revenues. They continued to decline in Europe in June 2021. Long-distance transmission also remains at very low levels,” says Saxo Bank analyst Peter Garnery.

According to him, the main reason is the delta type of the coronavirus, which has delayed the revival of travel. For example, the United States still strictly adheres to passenger restrictions In air transport coming from Europe.

Airbnb is more resilient in the face of travel restrictions

“However, not all companies in the travel sector are in the red. Airbnb Last week confirmed a significant increase in business, says the analyst, noting that despite the good numbers, the platform acknowledged that the delta variant will affect its reservations and expectations for the near future.

As mentioned below, Airbnb is taking advantage of the global trendWhen people who want to go on vacation again are mainly limited to short distances. The feature is that Many vacationers consider renting a private house less risk of infection Compared to resorts and hotels. To this should be added the possibility of bypassing airports or other high-traffic hubs.