Airbnb Inc $ABNB - A Valuation on 28th July 2021

Airbnb has disrupted the hotel and vacation rental industry. They weathered the pandemic better than the competition and are looking for a strong recovery. Legal uncertainty is still a drag, though.

Summary

Airbnb continues to disrupt the hotel and vacation rental industry. Their flexible business model helped them weather the pandemic. From here, they will return to growth, albeit from a lower base, as they steal market share from hotels and the industry recovers. Economies of scale and brand awareness will continue to kick in and help pull fixed a…