Will Airbnb's Momentum Continue in 2022?
The COVID-19 pandemic took the world by storm in 2020 and forever changed the way we interact with one another. Companies like Zoom helped shift traditional corporate dynamics of in-person meetings, while Peloton underscored the need for in-home exercise equipment.
Although some facets of the travel industry such as cruise lines and hotels have struggled during the pandemic, the online lodging marketplace Airbnb (NASDAQ: ABNB) has thrived. Despite generating record revenue and profit in third-quarter 2021, the stock is only up 8% over the last 12 months compared to the S&P 500 return of 27%. As the stock hovers near all-time lows, now may be a unique opportunity for investors to buy the dip.
In a pre-pandemic world, it was not uncommon for people to go on vacation for a couple of weeks and spend the remainder of their time working at an office. This dynamic has changed significantly over the last two years, as people now have far greater freedom around when and where they travel. The pandemic has completely revolutionized how consumers are thinking about travel. As people think beyond a traditional weekend trip, and remote work becomes more of a constant among corporate enterprises, the rising popularity of long-term stays is creating a new theme for the travel industry.
Source Fool.com
