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Caribbean Tourism Rebounding Despite Continuing Pandemic - The St Kitts Nevis Observer

Caribbean Tourism Rebounding Despite Continuing Pandemic - The St Kitts Nevis Observer
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Qatar realty sector shows signs of recovery

Qatar realty sector shows signs of recovery
18 Jul 2021 - 9:25
The Peninsula
Doha: Hotel occupancy and Average Daily Rates (ADRs) have improved in Qatar during the second quarter compared to same quarter in 2020 due to the boost from growing domestic tourism, according to the second quarter 2021 review issued by leading regional consulting firm ValuStrat. The real estate report noted a surge in transactions volume and value compared to 2020 and 2019 (pre-COVID). Rents of warehouses also expanded during the quarter.
Pawel Banach (pictured) – ValuStrat’s General Manager, Qatar commented “At the beginning of the second quarter of 2021, restrictions were re-imposed limiting mobility amid rising COVID-19 cases. Operating capacities of commercial outlets were reduced and dine-in at F&B outlets was banned. However, the constraints did not hinder the recovery of the real estate market in Qatar. The volume of transactions surged 46 percent over one year and 34 per ....

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Sonder Holdings Inc. Reports Strong First Quarter 2021 Results Driven By Rapidly Increasing Travel Demand And Continued Operational Excellence

Sonder Holdings Inc. Reports Strong First Quarter 2021 Results Driven By Rapidly Increasing Travel Demand And Continued Operational Excellence
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Airbnb: No Room for Error - Investing Daily

Investing Daily
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It isn’t easy to do, but sometimes a business will lose more money than it brought in as revenue. That’s what happened to
Airbnb (NSDQ: ABNB) during the first quarter of this year. The company lost $1.17 billion dollars, which equates to 132% of its gross revenue.
In this case, Airbnb took substantial write-downs during the quarter. Those items included $377 million to pay off debt and $292 million in adjustments to warrants. The company also incurred a $113 million impairment related to office space.
If you back out those one-time expenses, the quarter actually wasn’t so bad. Airbnb is still operating at a loss, but its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was only 7% less than revenue compared to shortfalls of 40% in 2020 and 30% in 2019. ....

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Airbnb first quarter 2021 financial results

Airbnb first quarter 2021 financial results
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Today we are issuing Airbnb’s first quarter 2021 financial results. You can read the details here. Airbnb Co-Founder and CEO Brian Chesky said:
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“We are proud of our strong results. We surpassed 2019 revenue levels even though urban travel and cross-border travel, two of our strongest segments historically, have not yet recovered.
“We expect a travel rebound unlike anything we have seen before. Travel is coming back and Airbnb is ready.”
Q1 2021 financial results
With the rollout of vaccines and the easing of some travel restrictions, our business significantly improved in Q1 2021 compared with the same period a year ago. People’s desire to travel, combined with our tightly managed expenses, drove a return to positive topline growth with materially improved Adjusted EBITDA. Here is a snapshot of our Q1 2021 financial performance: ....

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