Bad News for Airbnb: Omicron Variant Causes More Travel Restrictions

Airbnb (NASDAQ: ABNB) operates a platform that connects people looking to travel with hosts offering a place to stay. The company gets hosts and travelers worldwide, so it inevitably hurts Airbnb when frictions are added to travel plans. 

The world and Airbnb recently got another bout of bad news regarding the coronavirus pandemic. A new variant (omicron) was discovered in South Africa. In response, several countries started increasing travel restrictions from South Africa.

Airbnb's revenue fell in 2020 as a result of the coronavirus pandemic. Image source: Getty Images.

Continue reading

Source Fool.com