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      "text": "Significant reduction in sales force headcount in April 2020 and pullback in portfolio spend to conserve cash led to lagged supply and revenue growth in 2020 and 2021. Higher demand in Q4 2020 produced greater than normal nights sold per home, which we do not forecast to be continuing. We exited most of our international markets and remain focused on building scale in the large North American market before re-entering international. We took steps to simplify our cost structure, though resumed investment growth in latter part of 2020 to capture the opportunity ahead.",
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