Here's Why Airbnb's Most Important Number Is $6.3 Billion
Airbnb's (NASDAQ: ABNB) recovery from the trough it was in at the onset of the pandemic is gaining momentum. Last spring, the company saw its revenue decline substantially as travel nearly came to a halt. Fortunately, vaccines against COVID-19 continue to be administered around the world and that is giving more consumers the confidence to book travel again.
Based on what it's seeing, Airbnb management is expecting a rebound of epic proportions. That's understandable, considering how many people had been self-isolating for roughly 18 months now partly from government-imposed temporary lockdowns and partly from personal caution.
The clue to Airbnb management's optimism is found in a number -- $6.3 billion -- from its most recent earnings report. It's also potentially Airbnb's most important number right now. Let me explain.
Source Fool.com
