What was Airbnb's response to the COVID$-19$ pandemic? Does it appear that the company's business model is more resillent 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 resuit of the pandemic. The company also had to raise $$2$ billion in private funding and debt to support operations during the pandemic.

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 $14,2020.$

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

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

Alrbnb'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.

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