Ms Amanda Cupples:

It is very low single-digit percentages of our host base. Many people find this difficult to believe but it is true. It is not the bulk of our business. A very substantial proportion of our business is private room business. The rest of it is almost entirely entire homes with one host who has one listing. There is another chunk that is one host who has two listings. Those are often people who have an urban and a holiday home. As I said, it is a very low single-digit percentage number. What would traditionally be called property speculators or investors is a very small part of our business. We have spoken about this a lot both at EU level and nationally. That is not the focus of our business. We have some of that on the platform, but it was not what Airbnb was designed to be a home for. It was designed to be a home for everyday people, and by and large-----