Airbnb holds meeting with bankers to extend US$1 billion debt facility

Airbnb Incorporated yesterday held a phone meeting with bankers to discuss extending a US$1- billion  debt facility as the home rental start-up grapples with a slowdown due to the coronavirus.

Several Jamaican property owners have listings on the Airbnb platform.

According to a Reuters report, quoting a source, Airbnb has never used the credit facility and it is not expiring for another year, but it is looking to extend that period to be prudent.

The source said Airbnb told bankers that models show the number of nights booked would recover from the current slump, reaching 2019 bookings levels again by early 2021.

Airbnb's bookings in major cities across the world have suffered as travelers cancel trips and stay at home to protect themselves and prevent the spread of coronavirus.


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