Abramovich has financed Chelsea £1.5 billion since acquiring the club for £140 million in 2003. Chelsea's most recent financial statements reveal a turnover of £416 million and an after-tax loss of £145 million for the fiscal year ending 30 June 2021.
Foreign Secretary Liz Truss wants to punish Abramovich, but the National Crime Agency must first show a relationship to Vladimir Putin before the government can take action.
According to data given by Airbnb, the company made $47 billion in gross booking value in the previous year. The traveling behemoths increased by 96 percent from COVID-hit 2020. The company's earnings have dropped significantly, with only $24 billion in gross booking value in 2020, a 37% decrease from $38 billion in 2019.
Until 2019, the travelling industry giants had seen a consistent increase in their business before it took a massive hit in 2020. However, Airbnb’s gross booking value in 2021 even surpassed the numbers from 2019. $47b earned in bookings in 2021 represents a 24% increase from $38b in 2019. Thus, Airbnb’s gross booking value not only recovered from the pandemic effect but also displayed growth from pre-pandemic times.
The company witnessed a 56% in the numbers of net bookings/experiences booked on its platform. Accounting for cancellations and alterations, a total of 301m bookings were made on Airbnb in 2021. The growth in number of bookings is not as significant as observed in gross booking value. Another interesting point to observe is that the number of bookings in 2021 didn’t eclipse the number of bookings in 2019. Hence, in terms of number of bookings, Airbnb still hasn’t fully recovered from the effects of COVID-19.
This disparity in growth of these two criteria suggests that the average booking value on Airbnb will climb significantly in 2021.
Airbnb received 193 million bookings in 2020. This result reflected a 41% decrease from 327 million bookings in 2019. As a result, Airbnb's bookings experienced a greater impact than its gross booking value in 2020.
