Airbnb S-1 (Part 1): So How Profitable Is This Thing Really?
View from Seed
NOVEMBER 18, 2020
Airbnb’s bookings have rebounded to roughly 70-80% of what they were in 2019 pre-COVID whereas global hotel companies like Marriott and Hilton are operating at roughly 35-40% of where they were in fall 2019. Source: Airbnb S-1. Airbnb’s Secret Sauce. Expedia 8%. Booking Holdings 35%. Hilton 17%. Marriott 9%.
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