Q1: How is the pandemic influencing Airbnb (comparing to traditional hotels if possible), and how Airbnb takes actions to survive in such challenging context? (ex. you can relate to PESTEL, dynamic capabilities, or SWOT). (6 points)
Q2: Think about how travel might evolve in the post-covid world, identify Airbnb’s core competence(s), and build from these insights to provide strategic options for the future. (7 points)
Q3: Look into Airbnb’s investment in TV/movie, and its acquisitions in the past 3 years, and analyze the strategic directions Airbnb is taking for its long-term development (ex. you can relate to Ansoff, BCG, vertical / horizontal integration
The COVID-19 pandemic has had a profound impact on the travel and tourism industry, with hotels and other traditional accommodation providers feeling the brunt of the economic downturn. However, Airbnb has been one of the few bright spots in an otherwise dismal sector. In fact, the home-sharing platform has seen a surge in bookings since the start of the pandemic, as travelers look for alternative accommodations that offer more space and privacy.
While traditional hotels have been struggling to survive during the pandemic, Airbnb has been thriving. The company has seen a surge in bookings since the start of the pandemic, as travelers look for alternative accommodations that offer more space and privacy. Furthermore, Airbnb has taken several steps to ensure its survival during these challenging times. For example, the company has waived all cancellation fees for reservations made before March 14th, 2020, and has implemented a strict cleaning protocol for all listings.
Looking forward, it is clear that Airbnb will continue to be a major force in the travel and tourism industry. The company's unique business model is well-suited for the current environment, and its strong brand loyalty will likely keep customers coming back. In addition, Airbnb's recent partnership with American Express will give it access to a vast customer base and provide a much-needed boost during these difficult times.
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