Nicolas Vigier, whose agency manages 60 Airbnb apartments, says he's slowly seeing demands come in for summer rentals in the south of France.
"Before the crisis, our clients were 90 to 95 per cent foreigners. We had very few French people booking our apartments," Vigier said.
But now his demand is entirely from France.
Domestic Airbnb reservations in the Netherlands and Denmark are at 80 per cent and 90 per cent respectively of what they were in April 2019, the company said.
Vigier said in France they cannot confirm reservations since people are not yet allowed to travel further than 100 kilometres from their homes.
But the demand is a glimmer of hope for an industry that's been one of the hardest hit due to the pandemic.
'Severe and sudden impact'
“Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019,” said Brian Chesky, Airbnb’s chief executive, as he announced staffing cuts at the company this past week.
For many, the change to business was abrupt. It wasn't until the French government announced the lockdown measures mid-March that Vigier saw a significant drop in demand for Airbnb apartments, he said.
Hotel data benchmarking firm STR estimates that hotels that are still open globally are at less than 30% occupancy. In many European countries, the few hotels that are still open are only at 10 per cent occupancy.
Marriott hotel CEO Arne Sorenson said in a sobering video message in March that the coronavirus was “nothing like we’ve ever seen before.”
“For a company that’s 92 years old, that’s borne witness to the Great Depression, World War II, and many other economic and global crises, that’s saying something,” he added.
“COVID-19 is having a more severe and sudden impact on our business than 9/11 and the 2009 financial crisis combined.”
Marriott saw a 90 per cent decline in business in China after the outbreak started, the CEO said in March.