Airbnb Bookings Bounce Back, While Hotels Are Still Hurting

Short-term rentals are proving attractive to travelers

After months of cancellations and depleted future bookings, the strain of which led Airbnb to lay off 25% of its workforce, Airbnb saw a sign for hope in July: The platform surpassed 1 million booked nights in a day for the first time since the first week of March.