by

posted on May 28th, 2020

Thanks to everyone who joined our first-ever live session with the whole host community! We’re invigorated by the strong turnout, thoughtful questions, and ongoing collaboration with Turo hosts, and look forward to the coming months as we emerge together from this tough time stronger, better, and more united than ever.

For those who may have missed today’s live session, please check out the recording to hear Turo CEO Andre Haddad discuss how business is faring, emerging consumer behaviors that are shaping industry trends, and all things cleaning, car sharing, and COVID-19.

Turo Live: Cleaning, car sharing, & COVID-19, Recorded May 28, 2020

In summary

Overall, the COVID-19 pandemic has had an unprecedented impact on the global economy and has changed the travel industry forever. Like the rest of the travel industry, Turo saw a steep decline in bookings as states locked down in mid-March, but since then, Turo has seen a strong rebound as states gradually re-open.

As we come out the other side of this massive global disruption, there is enormous pent-up demand for travel, and cars are surging as the preferred option over air travel and shared transit. Summer 2020 promises to be the summer of road trips, with consumers favoring physical distance and controllable environments while pursuing much needed changes of scenery.

As guests look to get back on the road and hosts resume sharing their cars, safety and cleanliness are top priorities, and are the key to being well positioned to bounce back after the downturn.

Resources