Should You Buy Airbnb Right Before the Summer?

In this video, I will be talking about Airbnb's (NASDAQ: ABNB) recent updates as well as some key numbers from recent travel activities that might show how well Airbnb will perform in the second part of the year. Travel is certainly bouncing back, and that might be very positive for Airbnb stock.

Since Airbnb's Q1 report, travel has continued to show signs of picking up. Vaccines are getting rolled out around the world, and people are starting to go on their summer vacations. Especially in Europe, since the European Union eased travel restrictions, Airbnb searches are increasing. During the week of May 18 to May 24, European searches grew 31% compared to 2019. In fact, for new listings that were activated and booked in Q1 2021, 50 percent received a reservation request within four days of activation.

People are also staying longer. The top three destinations for long-term stays on Airbnb are all cities. In New York, 62 percent of summer nights booked in the city are for long-term stays, and in Seattle and Los Angeles, long-term stays are at 40 and 43 percent, respectively. In Q1, stays of more than 28 days increased 14%. Nights booked at rural stays increased from 32% in the summer of 2019 to 42% for summer 2021.

Source Fool.com