Airbnb (NASDAQ: ABNB) shareholders are having an excellent year. The travel rental specialist's stock hasn't trailed the S 500 at all and its returns through early June tripled the market's 11% increase in the period.

Airbnb's last quarterly update helped extend those gains, even though management predicted slower sales growth trends in the fiscal second quarter. Let's look at some big reasons to still like Airbnb stock despite its higher valuation today.

Investors were worried that Airbnb would start seeing increased sales pressures from competition, rising prices, and slowing economic growth trends. But these factors didn't derail its impressive momentum in early 2023.

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Source Fool.com