What was Airbnb$$s response to the COVID$-19$ pandemic? Does it appear that the company$$s business model is more resilient than that of its hotel chain rivals?

Select $$yes$$ for those statements below that are accurate and choose $$no$$ for those that are not.

Airbnb was forced to delay its IPO as a result of the pandemic. The company also had to raise $$2$ billion in private funding and debt to support operations during the pandemic.

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Airbnb guests were forced to cancel their reservations due to governmental restrictions and safety reasons. Airbnb provided refunds for cancelled reservations made prior to March $14,2020.$

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Hosts lost a large portion of their income leading Airbnb to establish a $$17$ million dollar fund to help support the hosts.

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Airbnb disregarded governmental restrictions allowing hosts to continue renting their locations.

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Airbnb$$s reliance on hosts to provide physical accommodation spaces is better suited to the dramatic decline in travel accommodations than business models involving brick$-$and$-$mortar lodging locations.

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Airbnb$$s business model is not as resilient as hotel$/$motel chains, this will have an impact on its profit formula.

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