Kelman: Toast. Those are going to be in tough shape. There’s a whole economy that was built around the liquidity there that Airbnb provided. You could get pretty deep into debt and still have somebody pay your mortgage every month because Airbnb and other travel websites were so good at finding someone to rent it out. And I don’t think many of those folks have the reserves that Marriott, or that Hilton does.
~ Glenn Kelman, CEO of Redfin, "Redfin CEO: Vacation real estate markets are 'toast' because of the pandemic as Airbnb owners rush to offload their homes," MarketWatch.com, May 18, 2020
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