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" ... Last week, for instance, Marriott (MAR) reported that Q4 systemwide revenue per available room, or revpar, dropped by 64.1% year over year. The good thing, if you’re an established firm like MAR, is that comparables get much easier starting as soon as Q1 when we lap the first wave of the pandemic. For a newer company like ABNB, there aren’t any public numbers from last year to compare against. ... "