Sunday, December 5, 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.


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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%.


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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%.

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