2024-03-18 20:55:52 ET
Summary
- Airbnb is a fantastic long-term buy with deep potential, despite a gain of 20% year to date.
- The company is noting a rebound in travel originating from China, as well as strong performance in Latin America.
- Recent user experience improvements including total price displays have addressed many common user concerns.
- The company should benefit from continued strong travel spending in 2024 as well as a flashy Paris Olympics cycle.
So far in 2024, investors have re-adopted their long-term mindsets, investing heavily in tech stocks that have wide-open futures. AI (and in particular, Nvidia ( NVDA )) have been among the biggest beneficiaries of this long-term thinking, but these are not the only plays that have room to expand....
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Airbnb: Travel Will Never Go Out Of Style