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While the Delta variant is making new ground, people are still traveling (or looking to travel). The key thing is, they’re not looking to stay at hotels. I’m sure you’ve already started thinking about which stocks that could benefit from this. This includes which ones you’d like to add to your long-term investment portfolio.
Airbnb (NASDAQ: ABNB) is one of those stocks. They are very well positioned for a strong rebound post-covid.
Airbnb is the world’s biggest ‘anti-hotel’ travel company. With more than 7 million listings in 100,000 cities worldwide in 2021, it has a market cap bigger than Hilton and Marriot combined.
Impact of the Pandemic on Airbnb
Before covid-19, Airbnb grew aggressively. It experienced 38% revenue …... Keep reading