This Travel Bookings Platform Is Growing Faster Than Airbnb, and It's Hiding In Plain Sight
Airbnb (NASDAQ: ABNB) is a well-known booking platform for travelers seeking a place to stay. However, the company also allows people to book experiences -- things including tours and interesting activities. But management deemphasized the experience part of its platform during the worst of the pandemic, choosing instead to focus on the primary part of its business.
In the conference call to discuss financial results for the first quarter of 2022, the topic of experiences came up. CEO Brian Chesky said: "I think there is a massive opportunity for someone to build a huge product around experiences." But that "someone" doesn't appear to be Airbnb at all. Instead, surprisingly, it appears as if that "someone" is Tripadvisor (NASDAQ: TRIP).
Tripadvisor isn't a newcomer to the travel and tourism space. Over 15 years ago, it was even talked about on an episode of the hit TV show The Office, as fictional character Dwight Schrute worried about not receiving high reviews for his beet farm's bed and breakfast. (As a fun aside, there's still a Tripadvisor page for this fictional place today.)
Source Fool.com
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