Against all odds, Airbnb might be a relatively safe place to rest both your family and your money in 2021. With a market value of $120 billion, Airbnb is now worth more than Marriott International, Hilton Hotels & Resorts, Hyatt Hotels and InterContinental Hotels Group combined. That is to say, a bet on Airbnb this year reflects a conviction that the homestay market will own the hotel business to a degree that it never quite recovers in full. The home-share giant reported fourth quarter results Thursday—its first report as a public company—showing revenue down just 22% year over year. Perhaps more important, Airbnb’s business performed significantly better in the fourth quarter relative to its full-year results.

Source: Mint February 26, 2021 12:41 UTC