This study explored the sources of value co-creation, co-destruction and co-recovery amid the COVID-19 outbreak using 415 online reviews of guests’ experiences with Airbnb. Data analysis using the grounded theory approach identified two main sources: Airbnb’s customer service and hosts’ conduct. Four sub-themes (quality of interactions with customer service representatives, difficulties in achieving resolution, dissatisfaction or satisfaction with the resolution offered and costs incurred by the consumer) comprised the main theme of Airbnb’s customer service. Two sub-themes (the role of the host’s communication in service recovery and perceived unethical actions by the host) comprised the main theme of hosts’ conduct. The findings indicate that collaborative engagement in the restoration of service failure by actors results in value co-recovery.