A Bull Market Is Coming: 3 Good Reasons to Buy Airbnb Stock Right Now
Airbnb (NASDAQ: ABNB) is disrupting the multitrillion-dollar travel industry. The online marketplace has made it easier and safer for property owners to profit from the booming short-term housing rental market. And after bolstering its own cash-generating abilities, Airbnb is now well positioned to produce strong returns for its shareholders.
Airbnb's stock price is already up nearly 40% in 2023, and more gains likely lie ahead. Here's why you might want to consider buying shares today -- before more bulls come rushing in.
The travel company's platform-based business model is a thing of beauty. Airbnb connects more than 4 million hosts that have collectively served over 1 billion guests in locations across the world. Acting as an intermediary, Airbnb earns fees for bringing property owners and travelers together. It's a profitable and highly scalable approach. It's also capital-light, meaning Airbnb doesn't need to incur much in the way of capital expenditures to expand its business. The costs of buying and maintaining properties are borne by the hosts.
Source Fool.com
