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Airbnb Chief Sees a ‘Travel Rebound of the Century’ Even as Covid Cases Rise

·10 min read
Airbnb Chief Sees a ‘Travel Rebound of the Century’ Even as Covid Cases Rise
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Like other travel-related companies, Airbnb’s revenue all but evaporated last spring, raising questions about whether the short-stay rental firm could survive. Just months after the start of the pandemic, Airbnb (ticker: ABNB) conducted a hugely successful IPO—and the company is now valued at more than $80 billion, about equal to (MAR) (ticker: MAR), (HLT) (HLT), and (H) (H) combined. With recovery from the pandemic just barely under way, Airbnb is already posting revenues ahead of 2019 levels.