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Impact of Covid-19 on Airbnb: evidence from Vietnam

Author

Listed:
  • Nguyen Bang Nong
  • Van Hong Thi Ha

Abstract

Airbnb is an accommodation service on smart apps. Airbnb was established in 2008 in the United States. In Vietnam, Airbnb appeared in 2015 with about one thousand listings. By the beginning of 2020, this number had reached about 80 thousand in the wake of the Covid-19 Pandemic. In Hanoi, the number of bookings increased from 94% in mid-January fell to 3% in mid-April. In Ho Chi Minh City, on the rise of about 105% in mid-January 2020 to 9, 6% in April. In Da Nang city, the business was the worst, rising to 143.3% in January 2020, falling to 1%, and by the end of August 2020, the rate of reservation guests will only be 3.6%. Airbnb's dire business performance is an indicator of Vietnam's tourism business, the real estate business, and many accompanying people's employment problems.

Suggested Citation

  • Nguyen Bang Nong & Van Hong Thi Ha, 2023. "Impact of Covid-19 on Airbnb: evidence from Vietnam," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 13(1), pages 283-296, January.
    • Handle: RePEc:taf:jsustf:v:13:y:2023:i:1:p:283-296
    DOI: 10.1080/20430795.2021.1894544
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