AirBnb CEO on how Covid-19 changed travel and what is going on with the company

AirBnb CEO Brian Chesky had an interview with Bloomberg two days ago. First of all, I think Brian seemed very real and genuine in this interview. Watching him speak didn’t give me a sense that he was a robot reading script or a politician giving all kinds of lip services or false hope. For example, he admitted to being unfocused in the past, working on too many things at AirBnb at the same time. He also publicly committed to publishing data on diversity at AirBnb one year from now. That kind of genuineness and down-to-Earth attitude are refreshing to see. He talked about his commitment to diversity & equality, how he thinks about IPO this year, what mistake he made while running AirBnb, Online Experience, how Covid-19 changed travel behavior and so on. But I will only discuss two topics as follows:

How Covid-19 changed travel

While many people said that travel pre-Covid as we knew it is forever gone and we will never see it again, I am much less certain on that. Humans are quick to forget. Once we have the vaccine or have this virus under control, no matter how many years that will take, I think we can get back to where we were travel-behavior-wise. Things tend to be cyclical, you know. Nonetheless, Brian talked about what he has seen in terms of behavioral changes of travelers:

  • Business travel will take a lot longer to recover
  • EU has recovered solidly from the pandemic. Asia started the recovery path. Latin America hasn’t recovered much. He said that the US “has been really really strong” and it “has seen a temporary recovery”. I am not quite sure how to think about it. The US has repeatedly seen a new high on the number of cases in a day for quite a while now. Even if a portion of the population traveled, what would that do to the full recovery? Would take delay the recovery much longer?
  • Less interest in travel to urban areas with dense population and in cross-border travel
  • Travel will be more local

For the foreseeable future, there will be major changes in how businesses operate in the tourism industry. Attractions will have to take into account social distancing when designing tours. Travel agencies will have to arrange transportation for small groups only and avoid trips to crowded places. Hotels or AirBnb hosts will have to increase the hygiene level and how to communicate that to travelers.

If you look at countries whose tourism plays a huge part in the overall economy such as France or Italy, they were decimated by the pandemic. However, they have recovered since and started to take on tourists. The picture is very different for the US. Not only does nobody want to travel here at this time, unless they absolutely have to, but the people living here are now banned from visiting Europe. The lack of commitment to take on short-term losses for future prospects and, by extension, the absolutely atrocious handling of this pandemic are setting this country back months in recovery and perhaps even longer for the US tourism industry.

Online Experiences

AirBnb launched Online Experiences in April 2020 due to the pandemic. The service allows hosts to craft a unique experience online for a small group of guests. After reservations are confirmed, guests receive a Zoom invitation through which they can live participate in the Experience. For instance, you can book to learn how to cook with this Michelin chef from Italy in a live stream session along with 9 other people around the globe without leaving your home. All you need to do is to make a reservation, prepare ingredients beforehand and join the Zoom session.

Source: AirBnb

Brian Chesky said that it is the fastest growing product of AirBnb, even though he didn’t specify whether it’s the fastest growing product ever or it’s just during the pandemic. He did reveal that the service has had 400 Experiences listed so far and generated $1 million in bookings.

AirBnb is quick to improvise and pivot during this pandemic that severely affects travel. I can see some value in this service. Firstly, for folks who feel lonely during this crisis (and there are a lot of them), this is a great and inexpensive way to meet new people and learn something useful without enduring more risks. The live stream format is key because if this were an on-demand video clip like what we have with streamers like Netflix, it wouldn’t work. There needs to be a real and tailored human interaction. That’s why I think it makes sense to limit the number of participants to maximize the interaction with each person.

Secondly, take Vietnam as an example. Our borders have been closed for months. Hosts can take advantage of this opportunity to offer local tours or experiences and gain revenue that wouldn’t have been possible otherwise.

Regarding the future prospect of this service, I am not convinced yet. Covid-19 necessitates online interaction. However, when this blows over, though it may take some time, how much will people still prefer online interaction and how much time will they have for these experiences? There are many other services that can offer similar online lessons. Once people are free to leave home, they no longer need some strangers on the Internet to bond with to alleviate the loneliness as there are countless distractions. I don’t have any data, but that $1 million bookings in 3 months globally seems a bit soft. Furthermore, the live stream nature and the small group requirement of this service don’t necessarily let host scale their revenue. They are constrained by their time, being the presenter physically and the number of participants. Hence, I suspect that revenue from Online Experiences may just shift to Experiences post-Covid.

In sum, it will be interesting to see what the future holds for the tourism industry and AirBnb, in particular. The pandemic threw its plan to go public in the trash bin and significantly altered its business. If you are interested in the company, have a listen to Brian’s talk. Once again, I really like his down-to-Earth tone and genuineness.

Colors of Vietnam

I came across arguably the best promotional video about my country I have ever seen. The video was excellently filmed and edited to capture some of the best that my country can offer. Hope you will enjoy it as much as I did. Thanks a lot to Pau Garcia for the great video.

Source: Pau Garcia

I truly wish Vietnam can produce more of these videos to advertise the country to our international friends

Travel to Trang An in Ninh Binh, Vietnam

Trang An is where the movie Kong was shot. I had long been interested in seeing the place in person, but could only do so this year. Below is my experience in this largely untouched and breathtakingly beautiful place

I had limited time left in Vietnam. So I only did a day trip to Ninh Binh which could only allow me to visit Dance Cave and Trang An. If you want to visit Bai Dinh and Tam Coc, 2 days will be a better choice.

I took a limousine to Ninh Binh and a train back to Hanoi. The limousine ride was comfortable and the trip took 1.5 hours. If you intend to ride a limousine back to Hanoi, it’s highly recommended that you make a reservation in advance. My friend and I couldn’t find any available seats on our way back so we decided to go by train. A limousine seat for one person on way is around 130,000 VND.

The train takes around 2 hours and 15 minutes from the gas station in Ninh Binh to Hanoi, a bit longer than a limousine ride. The ticket is more or less at the same price. The train wasn’t the best in my opinion, but it did the job.

Dance Cave

The attraction is a cave called Dance. However, the main point is the 400-something-step climb to a small mountain that stands next the cave. It’s highly recommended that you go there early in the morning to avoid the heat, wear sports clothes for easy movement and bring water!

Trang An

Our next stop was Trang An. If you are not with a tour operator, you can go from the cave to Trang An by taxi. It cost us 80,000 VND. Do bargain to avoid being ripped off.

Trang An is a marvelous place. It looks surreal and untouched. Just like Halong Bay, Trang An is proof of how remarkable Mother Nature is with her creativity and patience to produce such a beautiful painting over thousands of years.

A boat ride lasts 3 hours and costs around 200,000 VND per person. There are three different routes to experience Trang An. Route #3 is the latest one. The construction for Kong movie was removed in September 2019. So don’t expect to see any of it.

I learned from the trip that local farmers were allowed by the government to carry passengers on boats once every two days in addition to their farming work. They are paid a meager amount of 200,000 VND for their ride, a ridiculous sum for 3 hours of physical work and some more idly waiting time. As a consequence, it’s expected that passengers tip the women around 50,000 VND per person.

The start of Route #3 in Trang An
Boat rides in Trang An
Magnificent Green
Space opening up
The entrance to a 1km-long cave
Not a friendly cave to tall people
A typical rural house in the past
Entrance to a pagoda in the middle of Trang An
Right at the exit of another cave, to the eagle-shaped moutain
Eagle!
Ninh Binh Train Station

My photos don’t do Ninh Binh enough justice, not even close. I urge that you visit the place soon as it is still in an excellent shape with little human impact. To feel the might of nature and the beauty that it brings. To feel humbled. To feel alive. I never got enough of that green color on top of the grey of the rocks.

Travel to Halong Bay

Two weeks ago I visited Halong Bay. Here are a few tips I learned from the trip and some photos for your reference

There are different types of tours to Halong Bay: within the day, two days and one night or three days and two nights. The cruises vary as well. You can have your pick from a litany of three-star, four-star and five-star ships that offer more or less the same activites but presumably different levels of services.

There are two ways to reach Halong Bay from Hanoi, the capital. The highway is significantly faster and takes roughly 2.5 hours, compared to 5 hours taken with the usual heavily-trafficked roads. You can choose to travel in style with limousines which offer limited yet comfortable and spacious seats or go with a normal coach that doesn’t cost much less, but offers far less comfort.

There are two harbors in Halong Bay where the ships usually leave to start a tour. The old harbor has far more traffic than its newer counterpart. So, it’s worth asking your tour operator about this point.

For reference, I booked a two-day-one-night tour on Athena cruise with Vietravel that included all meals (no drinks included), limousines from and to Hanoi, my own cabin, a visit to a cave, kayaking in the bay on a less busy route and cost approximately 6 million VND.

The first stop of the trip was to a pearl farm. At the farm, you can listen to the staff explaining about how pearls are formed and what they do on a daily basis. There are some live demonstrations of how a pearl is retrieved from an oyster and how a pearl “seed” is planted in an oyster. The following videos are for your reference

The next activity on the card is kayaking around a local community. You can have a local operate the boat for you, but if you are physically fit enough, I highly recommend that you kayak yourself. One thing I learned from this activity was that kids in this community attend a floating school till they are 18, old enough to attend a university in Vietnam. They then come back to the mainland for college.

Halong Bay is magnificent. It’s humbling to be in the middle of this remarkable creation of Mother Nature. It’s highly recommended to watch the Bay during sunrise and sunset

Halong Bay during sunset
Halong Bay during sunrise
Sunrise in Halong Bay

The last activity on my trip is to a 200,000 year old cave. It’s mind-blowing how beautiful a cave created out of erosion can be. It is just impossible not to be impressed by Mother Nature and her imagination

a 200,000 year old cave in Halong Bay
a 200,000 year old cave in Halong Bay
a 200,000 year old cave in Halong Bay
a 200,000 year old cave in Halong Bay

All in all, the tour to Halong Bay is worth the time and money. I was struck from the very first moment by its wonderful beauty. Kudos to the local government for keeping this attraction in pretty good shape. I didn’t see trash during my trip. If you visit Vietnam and have two days to spare, do consider Halong Bay.

One more thing before I end this entry: do get yourself a good mobile data package. There is no Wifi. So your phone’s mobile connection will be the only way to keep in touch with the modern world: a.k.a your Instagram, Whatsapp, Facebook and so on!

Weekly readings – 14th September 2019

Debunking the Silly “Passive is a Bubble” Myth

From mind control to murder? How a deadly fall revealed the CIA’s darkest secrets

40 Favorite Interview Questions from Some of the Sharpest Folks We Know. If you are preparing for an interview, these may actually help.

Tesla battery researcher unveils new cell that could last 1 million miles in ‘robot taxis’. Some interesting good news for Tesla bulls.

Why is movie theater popcorn so outrageously expensive?

Alibaba’s New Chairman Says He Has to Reinvent Retail Before Someone Else Does

Profile of Spotify’s Chief Content Officer – Dawn Ostroff

Apple Watch Series 5: The MacStories Overview

Confessions of an Islamic State fighter

Norway’s Bold Plan to Tackle Overtourism

Travel Is No Cure for the Mind