Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

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.

Continue reading


Source Fool.com

Like: 0
Share

Comments