Airbnb is outpacing hotel booking websites like Booking.com and Expedia thanks to its undeniable appeal to American millennial travelers, according to new data from ecommerce analytics firm Slice Intelligence. Last week, the firm revealed that Airbnb's revenue jumped 89 percent in July 2016 compared to the same period last year, while other booking sites experienced an average growth of just 19 percent over that same period.

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