1 Catalyst That Could Send Airbnb Stock Soaring in 2022
Airbnb (NASDAQ: ABNB) has had an up and down year so far in 2022. The stock fell as much as 20% through March before bouncing back to be up almost 3% year to date as of this writing. The pandemic hurt travel demand, and Airbnb was not spared.
Fortunately, several effective treatments and preventative measures have been developed to combat COVID-19. Progress against the potentially deadly virus has folks feeling better about leaving their homes and taking those long-delayed trips.
However, worldwide spending on travel has yet to recover to pre-pandemic levels, which is a catalyst that could send Airbnb stock soaring.
Source Fool.com
