1 Growth Stock to Own Forever
In today's video I talk about Airbnb (NASDAQ: ABNB) and how it will come out of this pandemic a major winner. It's got the Summer Olympics and future expansions such as renting, real estate, and possibly travel agenting.
Airbnb had 4 million hosts, 14 thousand new hosts a month, and 7 million listings worldwide in 2020. Wyndham, the biggest hotel chain, has only 8,000 locations worldwide. Airbnb's main competitors are Booking, Expedia, Google, and hotel chains.
2020 was a horrible year for the travel industry. But Airbnb suffered less than the hotel chains. When hotel chains close, they close down completely, and some have done so. With Airbnb, a lot of hosts were still hosting during the pandemic (complying with new regulations); that's why Airbnb's business has actually rebounded quite nicely since last June and has taken a smaller hit than what the broader market expected.
Source Fool.com
