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MAR - Marriott International Inc News Story

$146.37 3.8  2.7%

Last Trade - 5:05pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £33.43bn
Enterprise Value £40.28bn
Revenue £7.61bn
Position in Universe 270th / 6854

Airbnb supply gets a boost as vacationers prefer remote stays - AirDNA

Fri 26th March, 2021 2:10pm
March 26 (Reuters) - U.S. home rental company Airbnb Inc's
 ABNB.O  supply more than doubled over the past four years,
while surpassing some of the traditional hotel chains combined,
data from analytics firm AirDNA showed on Friday.
    The relative appeal for short-term rentals with larger
living space and their location in remote destinations proved
vital for Airbnb during the COVID-19 pandemic, allowing it to
perform better than traditional forms of lodging over the last
year, AirDNA said.
    Airbnb's global active listings increased by 2.5% as of
February 2021, compared with a year earlier, according to the
firm.
    Globally, there were over 5.4 million active listings on
Airbnb, with more units available for rent than the combined
total of 3.3 million units at hotel chains Marriott  MAR.O ,
Hilton  HLT.N , and IHG  IHG.L , AirDNA said.
    Airbnb had a supply of 2.3 million units at the beginning of
2017.

 (Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh
Kuber)
 ((Ankit.Ajmera@thomsonreuters.com;))
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