Tuesday, April 20, 2021

Why Are Investors Maintaining Interest in Airbnb Inc. (ABNB) Under Bad Conditions?

Airbnb Inc. (ABNB) has gained over 30% since the calendar year started. This happened despite a challenging year for the tourism industry. Investors probably believe Airbnb remains a promising company, despite some temporary externalities currently impacting its business.

When Airbnb’s IPO took place in December 2020, the travel industry was under pressure due to suspensions of tour sales, flight bans, and other bans related to the COVID-19 pandemic. Even so, shares of the Airbnb Inc. closed at $ 146 during the ABNB stock’s first day of trading, almost 2.5 times the placement price of $68. Investors’ interest in the Airbnb Inc. was high before the pandemic due to its rapid growth. This means that in 2019, gross booking cost increased by almost 30% YoY, while revenue increased by 32 % YoY. Nevertheless, by 2020, the gross booking cost has declined by around 40%, while revenue has dropped by 30%.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Airbnb Inc. (ABNB) awaits to witness a rapid restoration to growth once the major restrictions related to the pandemic are elevated. The ongoing mass vaccinations further reassure investors. There is an increasing amount of deferred demand across the entire travel industry, which will lead to an avalanche of revenue after the restrictions are lifted. According to Airbnb, the industry’s market size is approximately $3.4 billion, and its serviced-housing market is estimated to be about $1.5 billion.

One of Airbnb’s growth strategies is to expand into new markets and provide customers with a greater variety of services. The ABNB stock has expressed interest in developing new products and services for its customers.

The short-term prospects for the travel industry are uncertain despite Airbnb’s business promise. Airbnb’s shares may remain volatile in the coming months. Even if the restriction on international flights continues, the necessity for vacationing prevails unchanged; users will continue to go to their home countries, as well as to their local resorts.

Airbnb Inc.’s (ABNB) value has increased 60.49% since its 52-week low, with current trading near $195.00. Shares of ABNB have been trading at a high of $203.30 and a low of $194.71 in intraday trading on Monday. Recently, the Airbnb Inc.’s shares have touched highs of $219.94 and lows of $121.50 during the last 52 weeks, while they have experienced an intraday movement of just 0.31%.

Latest news

What to Expect When Iridium Communications Inc. [IRDM] Releases Earnings

Earnings from Iridium Communications Inc. are scheduled on April 20, 2021, before the market opens. It is expected that the company will report...

Lockheed Martin Corporation [LMT]: What to Expect when It Reports Earnings

Earnings from Lockheed Martin Corporation are scheduled on April 20, 2021, before the market opens. It is expected that the company will report...

What to Watch When Northern Trust Corporation [NTRS] Reports Quarterly Earnings

Earnings from Northern Trust Corporation are scheduled on April 20, 2021, before the market opens. It is expected that the company will report...

What the analysts are predicting for Sandstorm Gold Ltd.’s [SAND] earnings

Earnings from Sandstorm Gold Ltd. are scheduled on April 20, 2021, before the market opens. It is expected that the company will report...

Related news

What to Expect When Iridium Communications Inc. [IRDM] Releases Earnings

Earnings from Iridium Communications Inc. are scheduled on April 20, 2021, before the market opens. It is expected that the company will report...

Lockheed Martin Corporation [LMT]: What to Expect when It Reports Earnings

Earnings from Lockheed Martin Corporation are scheduled on April 20, 2021, before the market opens. It is expected that the company will report...

What to Watch When Northern Trust Corporation [NTRS] Reports Quarterly Earnings

Earnings from Northern Trust Corporation are scheduled on April 20, 2021, before the market opens. It is expected that the company will report...

What the analysts are predicting for Sandstorm Gold Ltd.’s [SAND] earnings

Earnings from Sandstorm Gold Ltd. are scheduled on April 20, 2021, before the market opens. It is expected that the company will report...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.