U.S., March 5 -- Since the company's IPO in December 2020, Airbnb's share price has rallied remarkably. It is trading at $177.90 per share as of March 4, 2021, marking a 22.77% increase year-to-date (YTD). The figure was more than 2.5 times its IPO price of $68 per share.
Based on the latest data, travel spending in the US declined by 42% in 2020 to $679 billion. Though it has bounced back to some extent, it remains below pre-pandemic levels.
According to the research data, in tandem with its share price growth, Airbnb also saw its market value soar to $110.71 billion as of March 4, 2021. That was higher than the market value of rivals Expedia ($20B), Booking Holdings ($93B) and TripAdvisor ($5B).
Since its 2008 launch, Airbnb has genera...