Despite being around for less than two decades, Airbnb (NASDAQ: ABNB) has sure experienced monster success throughout its history. The alternative accommodations platform has truly upended the hospitality industry. And its scale is unmatched, with $21 billion in gross booking value just in the last quarter, as well as 5 million hosts on the site.

With the growth tech stock trading 46% below its all-time high, investors might want to buy the dip with Airbnb. Before doing so, it's worth taking the time to understand what might be the company's biggest risk.

Airbnb has found tremendous success, but to be clear, it still operates in a competitive sector of the economy. There's competition from global hotel chains, boutique properties, and other booking platforms.

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Source Fool.com