AirBnB (ABNB) Showing a Strong Spring Break
AirBnB (ABNB) IPO’d in the midst of an incredibly turbulent time for the hospitality industry. However, LikeFolio data shows that AirBnB’s crowdsourcing model is thriving in the current environment.
Consumer Mentions of using the AirBnB platform to rent a property for vacation are surging in the wake of the 2021 Spring Break season, trending +24% YoY on the 30-day moving average.
These rental Mentions have shown considerable strength over the past year, which provides some compelling background information as to why the management team felt comfortable going forward with its December 2020 IPO.