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Home rental company Airbnb Inc’s 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.
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