Are travel stocks due to outpace the market with pent up demand? “The travel sector is pretty strong as consumers are talking about taking trips internationally and domestically. These are good tailwinds for the Airbnb (ABNB) earnings report. Airbnb (ABNB) purchase intent mentions are up 28% year-over-year. For the same time period, Hilton Hotels (HLT) and Marriott (MAR) purchase intent mentions are up 25%. Also, Airbnb monthly web traffic is up 10% year-over-year,” says LikeFolio’s Andy Swan. Kevin Hincks and Shawn Cruz weigh in on the return to work effect for travel and Airbnb (ABNB) specifically.
02 Nov 2022