Airbnb is giving up on tourism in China ...Middle East

Quartz - Economy
Airbnb is giving up on tourism in China
source : Quartz ( Middle East ) () 8
China’s zero-covid policy isn’t just stifling its own economy—it’s changing the broader tourism industry, too.Airbnb plans to stop offering home rentals and other tourist experiences in China by July, as first reported by CNBC. Airbnb co-founder and China chair Nathan Blecharczyk attributed the decision to “pandemic challenges” in an open letter posted to WeChat. The company will keep its office in Beijing and re-focus its strategy to cater to Chinese tourists traveling abroad.To be sure, Airbnb faced obstacles in the China tourism market even before the pandemic, navigating pressure from the Chinese government to share user data. It also faced steep competition from the Chinese home-sharing

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