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There Is a Bull Market in the Travel Industry: Buy Airbnb

There Is a Bull Market in the Travel Industry: Buy Airbnb

Despite high inflation in 2021, rising interest rates, and a slowing economy in 2022, the travel industry has been in a bull market for a while. If the massive demand for U.S. passports is any indication, 2023 could be an even bigger blockbuster year for travel, and what company benefits more from travel and tourism than Airbnb (NASDAQ: ABNB)? Considering that the stock has already had a 36% run year to date, should you buy into this vacation rental company or remain on the sidelines and wait for a better valuation?