Airbnb’s market value, based on its outstanding shares, makes it the world’s biggest online travel company. Its $86.5 billion market value narrowly tops Booking Holdings Inc.’s $86.2 billion market capitalization, and eclipses Expedia Group Inc. and TripAdvisor Inc. Airbnb’s market value, about 19 or 20 times its 2021 revenue at the opening price Thursday, also topped that of the four largest public hotel chains combined.

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