How did AirBnB Survive & GROW when Travel & Hospitality was DESTROYED by Covid?! | AirBnB Case Study

Timestamps:
When the World Stood Still..: 0:00
AirBnB - The Origins: 0:57
This is How it's Done!: 4:16
Covid Survival - The Secret Sauce: 8:44
What Now?: 10:34
Conclusion: 11:46

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Travel & hospitality was arguably the worst-hit industry during the pandemic. Airlines, hotels, tourist attractions, all of them went down pretty hard. However, reports show that even when the pandemic was at its peak - Q2 of 2020 - Airbnb showed revenue growth of $335 million, going on to step it up to $1.3 billion for the same period in 2021. But how is this even possible? When the rest of the hospitality industry was shaken down, and many sectors are bound to remain in debt for at least a few more years to come, how is it that a business that relies entirely on tourism and hospitality kept registering growth in revenue?! What does Airbnb do differently that keeps them a step ahead? Have they always been at the top of this game?
Welcome to mymoneykarma’s primer on the Airbnb business model, where we explain phenomena from the world of finance and help put financial events in perspective. Keep watching to learn how Airbnb started out in a single apartment, and went on to become a $100 billion business.