Airbnb Bookings Bounce Back, While Hotels Are Still Hurting

Short-term rentals are proving attractive to travelers

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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.

It’s an undeniable sign of recovery for the battered company, but the uptick in bookings isn’t shocking considering that the short-term rental market, which Airbnb dominates (alongside Vrbo),

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