Airbnb Sees Remote Work Trend Boosting Growth

People are traveling again in 2021, and no company is better positioned than Airbnb (NASDAQ: ABNB) to take advantage. In the third quarter, it beat earnings expectations for the second straight quarter and delivered its highest profit ever.

The latest earnings results were impressive, but there's more to the story. In the earnings report, management stated, "Technologies like Zoom [Video Communications] make it possible to work from home. Airbnb makes it possible to work from any home." This can explain why long-term stays of 28 days or more are Airbnb's fastest-growing category right now, comprising 20% of gross nights booked in the third quarter.

Here's why the remote work shift is a huge growth opportunity for Airbnb, as well as how the stock is a great vehicle to ride this trend.

Source Fool.com