Will the Summer Travel Season Set Airbnb on a Bull Run?
After a couple of summers of being cooped up at home, folks are ready to travel again. According to research from Deloitte, an astounding 46% of Americans are planning a trip that involves staying at a hotel or similar accommodation this summer. The boom comes after travel demand crashed in response to the pandemic.
The surge will be great news for Airbnb (NASDAQ: ABNB), which has already seen revenue eclipse levels from before the pandemic. But will hot demand for travel during the summer be enough to set Airbnb stock on a bull run? Let's consider its prospects below.
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Source Fool.com
