As Travel Rebounds, Safety Concerns Could Be a Headwind for Airbnb
Travel nearly came to a halt at the onset of the pandemic. That was bad news for Airbnb (NASDAQ: ABNB), the global travel facilitator, which saw revenue and reservations drop substantially. Fortunately, several effective vaccines have been developed against the coronavirus, and nearly 3 billion doses have been administered worldwide.
The following drop in infection rates and confidence from vaccinated people are unleashing pent-up demand for travel. As a result, Airbnb is in a great position to serve the masses ready to hit the roads and skies searching for a reprieve.
However, safety concerns could cause travelers to choose a traditional hotel over an Airbnb rental when taking a trip.
Source Fool.com
