How the Pandemic Wrecked Airbnb's Business -- And Still Made It Stronger

By Brian Stoffel and Brian Feroldi – Jun 21, 2021 at 11:30AM

NASDAQ: ABNB

Airbnb

Market Cap

$104B

Today's Change

(1.17%) $1.89

Current Price

$162.84

Price as of April 24, 2024, 4:00 p.m. ET

Here's a clue: It was much worse for entrenched players.

Of all the industries devastated by COVID-19, none was brought to its knees quite like the travel industry. Airbnb (ABNB 1.17%) was not spared from the carnage, as people canceled their reservations and business largely dried up during the beginning of lockdowns.

But a funny thing has happened since then: The company might actually emerge from the pandemic stronger than when it went in, especially when compared to entrenched players like Marriott (MAR 1.82%) or Hilton (HLT 3.89%).

This May 31 video from the YouTube channel of Motley Fool contributors Brian Stoffel and Brian Feroldi details why they believe the future is very bright for Airbnb.

Brian Feroldi has no position in any of the stocks mentioned. Brian Stoffel owns shares of Airbnb, Inc. The Motley Fool owns shares of and recommends Airbnb, Inc. The Motley Fool recommends Marriott International and recommends the following options: long January 2023 $115 calls on Marriott International. The Motley Fool has a disclosure policy.