Airbnb & the Western Isles
In March 2017, Airbnb was valued at $31 billion. By the end of April 2020, due to the coronavirus pandemic, the value had dropped to $18 billion. Last week, the company was forced to lay off 25% of its staff, nearly 1,900 people. A Scottish Government study (Here), conducted last year, found that there were over 500 active Airbnb listings in the Western Isles, the second greatest increase in registered properties only behind Edinburgh.
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