On: Ahead of IPO, Airbnb achieves profitability for second year in a row

[ricardobeat]

Counter-intuitively, demand for travel tends to go up in rough times.

[scarecrowboat → ricardobeat]

Do you have any sources on that? I have family in the hotel industry and anecdotally the entire industry in my area took a nose dive in the last recession. Not quite the same as general demand for travel but it's more relevant to how Airbnb would perform in a recession.