Why Airbnb Looks Like a Great Buy for 2022
Travel company Airbnb (NASDAQ: ABNB) posted phenomenal third-quarter earnings last week. While they were deservedly cheered on by investors, it's the future that looks particularly bright. Airbnb is well positioned to keep up its high growth, and although its shares are expensive, there's a reason investors are assigning it a high premium.
Airbnb had an outstanding 2021 after a dismal 2020. Travel picked up even as broader global travel restrictions remained intact, and that's at least partially due to the company's adaptability. It can meet demand wherever and whenever it is through its constantly expanding fleet of rental homes in any location. These include locations that large hotel groups can't service since they're too small, giving Airbnb almost a monopoly in some far-flung locales.
Image source: Airbnb.
Source Fool.com
