Wednesday, September 28, 2022

Airbnb Suspends All Operations in Russia and Belarus

Date:

In a tweet on Thursday, Airbnb CEO Brian Chesky announced that the company is suspending all operations in Russia and Belarus. This decision comes as a result of the Russian invasion of Ukraine, which has forced many Ukrainian refugees to flee their homes. Airbnb is working with Hosts to provide free housing for up to 100,000 refugees. The company will also work with neighboring European states to provide long-term stays.

Airbnb Suspends Operations in Russia

Airbnb has over 17,000 short-term rentals in Ukraine, making it the company’s sixth-largest market. Following the Taliban’s takeover of Afghanistan, Airbnb assisted with housing for more than 21,000 people last year. The business provides services in nearly 220 countries and territories around the world. Report by Economic Times.

With the suspension of operations, Airbnb is estimated to lose out on more than $40 million in revenue. This decision is sure to come as a disappointment to many, but Chesky says that “the safety and security of our community is always our top priority.”

We will continue to update you on this story as more information becomes available.

John Diep
John Diephttps://lastartups.com
Founder, Editor-In-Chief // A native Angeleno. John studied engineering at UCLA; founded Schmoozd, an offline social tech networking event in LA with 30,000 subs; ran a startup accelerator (StartEngine). Worked for several major brands like Toyota, DIRECTV, Hitachi, ICANN, and Raytheon. A mentor at Loyola Marymount University (LMU) Entrepreneur School, Dr. David Choi. And advises a dozen local LA startups building amazing tech in various industries; and invested in some. // Let's Connect: john@lastartups.com
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