Airbnb Q3 Earnings Preview: Look at Booking Growth to Gauge Travel Rebound
A leading company that helps facilitate property rental bookings worldwide is set to report third-quarter earnings on Nov. 4. Airbnb (NASDAQ: ABNB) has been in recovery mode from the devastation to its business caused by the coronavirus pandemic. Thursday's report should offer an update on how the recovery is going.
Any recovery for this stock will be based on the theory that, as more people get vaccinated against COVID-19, their willingness to travel will increase. That theory is bolstered by the fact that some travel destinations require the use of planes and trains and situations where close contact with others is inevitable and people want to feel safe doing so.
Those interested in Airbnb stock will want to look at what's reported on booking growth on Thursday to gauge just how strong the appetite is for travel.
Source Fool.com
