Airbnb announ­ced the new invest­ment to thrive in a travel world transf­ormed by the corona­virus pandem­icAirbnb on Monday announced it was taking a billion dollars in new investment to endure and, it hopes, thrive in a travel world transformed by the coronavirus pandemic. Silver Lake and Sixth Street Partners will invest the money into the home-sharing platform in the form of debt and equity, according to Airbnb. Airbnb said it will focus particularly on long-term stays, from students needing housing to remote workers, building on a rising demand the platform has seen as people self-isolate during the pandemic. Airbnb employees started the fund with a million dollars, and the two co-founders contributed another $9 million, according to the company. Airbnb is also helping hosts with financial losses after guests canceled travel plans.

Source: The Express Tribune April 07, 2020 09:45 UTC