Kyle M. Morgan, left, and Brent V. Trapana, right, of Brinkley Morgan. Courtesy photos Introduction
The travel industry was one of the hardest hit industries adversely impacted by the COVID-19 pandemic. Despite the struggles the industry has faced as a whole, U.S. home rental company Airbnb plans to make its public market debut this year. The company filed its initial public offering (IPO) paperwork this month, revealing that despite an otherwise poor year as a result of the pandemic, it turned a profit of $219 million in the third quarter of 2020. By comparison, Airbnb made $227 million in profit during the same quarter in 2019.Optimism But Vigilance Required in Vacation Rental Hosting During a Pandemic
The travel industry was one of the hardest hit industries adversely impacted by the COVID-19 pandemic. Despite the struggles the industry has faced as a whole, U.S. home rental company Airbnb plans to make its public market debut this year.
December 30, 2020 at 10:12 AM
7 minute read
Kyle M. Morgan, left, and Brent V. Trapana, right, of Brinkley Morgan. Courtesy photos
Introduction
The travel industry was one of the hardest hit industries adversely impacted by the COVID-19 pandemic. Despite the struggles the industry has faced as a whole, U.S. home rental company Airbnb plans to make its public market debut this year. The company filed its initial public offering (IPO) paperwork this month, revealing that despite an otherwise poor year as a result of the pandemic, it turned a profit of $219 million in the third quarter of 2020. By comparison, Airbnb made $227 million in profit during the same quarter in 2019.
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