Airbnb (NASDAQ: ABNB) has transformed the travel industry. Just a decade ago, the home-sharing platform was a little-known fringe concept, but today the idea of renting a stranger's home has gone mainstream. For many travelers, staying at an Airbnb has replaced hotels, and millions of people supplement their income or even earn a living by hosting on the platform.

As a stock, Airbnb has disappointed this year. The shares have fallen nearly 50% -- just one of many high-growth tech stocks that have been hit hard by rising interest rates and fears of a recession. With the stock on sale, it's worth considering the many reasons Airbnb should be on your long-term buy list.

A pool at an Airbnb in Milan, Italy. Image source: Airbnb.

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Source Fool.com