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Airbnb Bookings Rebound as Lockdown-weary Americans Enjoy Short Trips

Daily booking rates climbed by 13 percent

Airbnb Inc reported better-than-expected gross bookings on Thursday in its first quarterly earnings report since going public, indicating a strong rebound in demand for vacation rentals in North America as COVID-19 pandemic curbs ease.

Leisure travelers in the company's biggest market stepped out to nearby locations that could be accessed by a car and are within 50 miles, lifting daily booking rates up by 13 percent, Airbnb said.

Even though the health crisis initially forced it to cut jobs, the U.S. vacation rental firm outperformed hotel operators who rely more on business travel, throughout 2020, thanks to its large share of "sun, ski, and suburban" rental homes.

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