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Airbnb’s Prospects in Pandemic Rest on Near-Home Bookings

  • Domestic travel helped offset plunge in international bookings
  • IPO-bound Airbnb counting on near-home stays as pandemic rages

Photographer: Thomas Trutschel/Getty Images

Airbnb Inc.’s long awaited filing for an initial public offering makes the devastation wrought by Covid-19 abundantly clear, and shows how its business now hangs on domestic travel.

Since the coronavirus pandemic swept across the globe in March, closing borders and grounding flights, the travel sector’s woes have been on full display.