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Since inception this lodging marketplace (note 1) has enabled 825 million guest stays in over 200 countries with a cumulative bookingvalue of more than $110 billion. Hotels generally don’t require any cash up front for a booking and vacation rentals typically require a partial deposit but not the full booking.
For some businesses, when purchases of goods for resale are a large component of cost, the value is determined after first deducting all cost of goods purchased from third party sources. (A BookValue Method: This is the basic net worth of the Company on the balance sheet.
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