With cancellations adding up and crippling the travel industry, guests, hosts and investors alike are left asking whether Airbnb will survive at all. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/Subscrib
International home sharing company, AirBnb has committed $250 million to hosts who lost income from to cancellations due the Covid-19 pandemic; now that Rwanda has just announced a 2 week extension on the national lockdown, what will the local hospitality sector do to cope with the halted activity? And how will it recover from bookings lost for months to come? Nsengiyumva Barakabuye, Chairman of the Rwanda Hospitality Association joins CNBC Africa for more.
Travel and tourism contributes over 9 per cent to the country's GDP every year. Airbnb will this week hold the first Africa Travel Summit and joining CNBC Africa to discuss this further is Chris Lehane, Head of Global Policy and Public Affairs for Airbnb.
U.S. short-term rental service Airbnb Inc registered 1.2 million guest arrivals in Africa last year driven by the plugged-in millennial generation, its senior official said on Tuesday. Airbnb has shaken up the market...