Airbnb’s stock market debut is expected to start this year in March or April, but with consumers and businesses cancelling travel plans worldwide, the plan is at risk of slipping into 2021.

It might be risky listing after an unprofitable year, with investors already suffering from the poor performance of other high-profile technology public offerings, and when the travel sector is under so much pressure. Some of Airbnb’s employees have stock options expiring this year.

Airbnb bookings in China are down 80% on last year, with the company offering free cancellation until April 1, and its deal with the Olympics could also be in trouble.  Booking Holdings has also said it expects room nights booked to drop as much as 10%, but that the hospitality industry will bounce back, as people will always need to travel.

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