> Meanwhile, long-term prospects for AirBnb have not changed. Disease existed before COVID and will exist after COVID.

Not sure I 100% agree with this. AirBnB's bread-and-butter was urban rentals. Even before Covid, there was huge backlash against AirBnB in a lot of those locales. Now, especially after you saw huge numbers of AirBnB's convert to long term rentals (really laying bare the nonsense of the "AirBnB doesn't take from long term rental stock" argument), I think you'll see tons of cities accelerate their plans to ban lots of short-term rentals in their current form, and these cities and society at large will become a lot more hostile to AirBnBs in residential neighborhoods.

I agree that there is a general backlash against AirBnb in certain locales but this was a risk before COVID too. I don't see how COVID would compel cities to move FASTER to ban short-term rentals. During a time like this, aggressively cutting down a good business (for property owners) seems like a bad move in general.

The conversion of short-term -> long-term is a side effect of reduce demand. Once demand picks back up, supply will return.

The industries may be hurting less, but they may be in need of funding, that has dried up, and is leaving otherwise reasonable businesses in a bind.

The mass tourism boom in the year prior to Covid19 might not be the new normal.