Where Will Airbnb Stock Be in 1 Year?
Airbnb (NASDAQ: ABNB) is often considered an inflation-resistant growth stock for three reasons: First, budget-conscious travelers will probably choose cheaper Airbnb rentals over pricier hotels. Second, hosts will more aggressively rent out their properties to generate more passive income. Lastly, Airbnb's entire business model is self-sufficient and isn't directly exposed to the rising prices of gas, food, and other necessities.
Airbnb also seemed like an obvious way to capitalize on the return of global travel in a post-pandemic world. Those tailwinds set it apart from "pandemic-era" growth plays like e-commerce, online learning, and other stay-at-home stocks, many of which now face headwinds in a post-lockdown market.
Image source: Airbnb.
Source Fool.com
