About: http://data.cimple.eu/news-article/558f3b9a51d5663bc753a31b6791a10db9a6ae255398132e4bb3528f

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About: http://data.cimple.eu/news-article/558f3b9a51d5663bc753a31b6791a10db9a6ae255398132e4bb3528f Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Airbnb 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. "While the current environment is clearly a difficult one for the hospitality industry, the desire to travel and have authentic experiences is fundamental and enduring," Silver Lake managing partner Egon Durban said in a release. "Airbnb's diverse, global, and resilient business model is particularly well suited to prosper as the world inevitably recovers and we all get back out to experience it." The fresh resources will enable the San Francisco-based company to invest in its community of "hosts" as well as local experiences provided along with stays in homes, according to Airbnb co-founder and chief Brian Chesky. 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. Terms of the investment include putting $5 million into a Superhost Relief Fund for established, highly-rated hosts who need help with rent or mortgage payments due to the coronavirus's devastating effects. 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 cancelled travel plans. gc/bgs
schema:headline	Airbnb gets $1bn investment for post-virus recovery
schema:mentions	Silver Lake Partners Private equity Airbnb Durban USA Gymnastics Mortgage loan Pandemic Severe acute respiratory syndrome coronavirus 2 Superhost Chesky Records Hospitality industry
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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