Airbnb shut down its marketing efforts last week, saving an estimated $800 million annually. But it likely will need to make more-substantial cost reductions across the board as the spread of coronavirus ravages its business. 

An analysis of Airbnb’s profit statements shows that the company spends much more on fixed costs—such as product development, facilities and employee ...

Airbnb plans to halt all of its marketing, pause most hiring, and likely withhold employee bonuses as it tries to conserve cash amid a slide in bookings, CEO Brian Chesky told employees in a video conference call Thursday, a person familiar with the matter said.

The steps are the first indication of how the company is planning to reduce costs to blunt the damage of the coronavirus pandemic. ...

Sonder, a venture capital-backed operator of apartment-based lodgings for tourists and business travelers, laid off or furloughed more than 400 people, about one-third of its staff, in a bid to offset a declining number of bookings as the travel market collapses.

The San Francisco-based company is the largest of a raft of startups that have raised hundreds of millions of dollars from venture ...

Airbnb won fans among travelers over the weekend when it said it would fully refund anyone who was canceling an upcoming stay due to coronavirus. For hosts, the announcement was considerably tougher to absorb. The decision meant property owners would have little chance of recouping their losses. 

The move risks alienating Airbnb’s millions of hosts, many of whom joined the platform ...

In 2010, Sandeep Mathrani took over as chief executive of mall owner General Growth Properties, which had just filed for the largest-ever real estate bankruptcy. Mathrani raised billions of dollars to recapitalize the company, spun off struggling malls and eventually sold the firm for $15 billion. 

WeWork, another troubled real estate firm hoping for a turnaround, on Saturday named ...