(Bloomberg) — Airbnb Inc. said it accepted almost $2 million in bookings in Ukraine from people who have no intention of staying in the accommodation and just want to get money into the hands of the war-torn citizens there.
Most Read from Bloomberg
- Ukraine Update: UN Council to Meet, Safety Corridors Set Up
- Russian Forces Occupy Site of Nuclear Plant as Fire Contained
- Ukraine Update: Russian Troops Occupy Nuclear Plant Site
- White House Weighs Ban on Russian Oil Imports as Congress Fumes
- Putin’s Financial Isolation by World’s Powerful Is a Cautionary Tale for Xi Jinping
Some 61,000 nights were booked in Ukraine on March 2-3, according to a tweet by Airbnb Chief Executive Officer Brian Chesky. Users in the U.S., U.K. and Canada accounted for nearly three-quarters of total reservations, the San Francisco-based company said in an email, adding that it has temporarily waived guest and host fees on bookings in Ukraine.
Airbnb said earlier this week it was offering free short-term housing for up to 100,000 Ukrainian refugees who are fleeing the Russian invasion and it will work with neighboring European states to provide long-term stays. Ukraine has more than 17,000 short-term rentals, according to data provided by market research firm AirDNA.
Most Read from Bloomberg Businessweek
- The End of the Oligarch Era Nears With Putin’s Miscalculation in Ukraine
- Elite International Schools Have a Racism Problem
- The Bond King’s Genius Was No Match for His Ego
- Biden’s Tough Sanctions Create Worry That Putin Lacks an Exit
- A Billionaire’s Heir Hangs Up His Healing Crystal to Fix Capitalism
©2022 Bloomberg L.P.