The Coronavirus’ Effect on the Sharing & Gig Economy, Business and Industry Trends Analysis

As with many business sectors, the Coronavirus had a profound effect on the sharing and gig economy, both negative and positive.  On the negative side, early shelter-at-home mandates devastated on-demand ride services such as Uber and Lyft, shared vacation accommodations and shared workspaces.  On the positive side, online ordering and home delivery for groceries as well as prepared meal services skyrocketed. While the early months of the Coronavirus saw plummeting demand for travel and for accommodations, short-term home rental sites such as Vrbo soon found booming business among travelers who wanted to avoid hotels once the shelter-at-home restrictions were relaxed. …

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