Investors Can Expect Robust Revenue Growth for Airbnb
The coronavirus pandemic was a significant headwind to the travel industry. According to Statista, folks spent $610 billion on hotels and resorts in 2020, down from $1.47 trillion in 2019. With that backdrop, it's no surprise that worldwide travel facilitator Airbnb (NASDAQ: ABNB) saw its revenue fall year over year in 2020.
Fortunately for Airbnb and its shareholders, revenue is rebounding rapidly from the lows caused by the pandemic.
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Source Fool.com