Airbnb Faces Q1 Loss Of $1B : vimarsana.com

Airbnb Faces Q1 Loss Of $1B


Inman Connect
Property investors rode a wild wave during the pandemic, with the short-term rental market stopping, then restarting, and property prices in many second-home markets soaring. What does the future hold for new second-homeowners and for managers of more robust property portfolios? We’ll explore that and more, all May long, at Inman.
The short-term rental industry is poised for a record-breaking summer. But industry giant Airbnb is still working to recover from a downturn in demand as a result of the pandemic.
The company reported a $1 billion net loss for the first quarter of 2021, according to a report released by the company on Thursday. Airbnb’s Q4 2020 earnings report revealed a net loss of $3.9 billion at that time.

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