12-04-2020, 12:54 PM
(12-04-2020, 12:47 PM)fenders53 Wrote:(12-04-2020, 12:39 PM)Otter Wrote: Not a DGI stock, but I am buying as much ABNB as I can get my hands on for next week's IPO (December 10).
Me too. It will be hyped way beyond fundamental for awhile. Might as well enjoy some of the ride. I expect I'll have to pay too much.
Smart of them to list at one of the worst periods of the pandemic, just before vaccine rollout. The YoY numbers going into 2022 should be staggering.
Their potential growth is essentially limited only by the global supply of housing, and regulatory burden. No properties to maintain, no complicated relationships with franchisees . . . they can just focus all of their revenue on continued growth and lobbying efforts.
As someone who used to maintain top-tier hotel status for over a decade with Hilton, Hyatt, and SPG (now merged into Marriott), Airbnb is my preferred go-to for leisure travel, which should be a massive growth area in a post-Covid world. I don't see business travel bouncing back quite so quickly (continued push to virtual meetings where it makes sense to do so).