The Biden Administration Is Maintaining Travel Restrictions: What That Means for Airbnb
Airbnb (NASDAQ: ABNB) is a global facilitator of travel. Therefore, it was no surprise that its business was devastated by the coronavirus pandemic, partly because of restrictions on cross-border travel, and partly because people were hesitant to get on planes or trains.
Fortunately, several effective vaccines have been developed against COVID-19, and that's leading governments and countries to ease business and travel restrictions. However, the spread of the highly contagious delta variant is giving people pause in the midst of reopening. And the Biden administration has announced it is keeping foreign travel restrictions in place for the time being.
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Source Fool.com
