17.1 C
New York
Tuesday, May 17, 2022

Airbnb Inc. (ABNB) stock is rising in the Current Market; here is why?

Airbnb Inc. (NASDAQ: ABNB) stock is gaining in the current market after announcing the release date for Q1 results. ABNB stock is trading at $157.56, gaining more than 1% from the previous close. ABNB stock previously closed at $156.09 with a trading volume of 4.47 million shares.

Global Travel Solution Industry Dynamics

All industries have seen tremendous development as a result of digitalization. A similar thing has occurred in the field of travel as well. Consumers’ lives have been made easier due to the rise of firms that provide online travel solutions. Online solutions, for example, have contributed to a rise in tourism.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


The tourist sector had suffered a significant setback in 2020 due to a pandemic caused by the covid-19 virus. Everyone was confined to their residences. This was one of the numerous industries that were impacted by the crisis.

According to estimations, the market for online travel solutions was worth around $354.2 billion in 2020. According to industry analysts, the market will reach $1.8 trillion by 2031, representing a compound annual growth rate of 14.8%.

ABNB: Q1 Results Announcement 

ABNB announced on April 19, 2022, that they would release their results for the first quarter of 2022 on Tuesday, May 03, 2022. The company will announce results when the market closes on May 03, 2022. 

Its management will host a conference call to discuss the corporate updates with investors. The company will release financial results before the call. The timings of the conference call are 5:30 p.m. EST/ 2:30 p.m. PST.

Conclusion

The investors are expecting better results in the first quarter. Although, the industry saw a decline the previous year due to the Delta variant and then the Omicron Variant, which slowed the business. The industry is recovering from the decline, and the investors expect a significant increase in the operations. 

Related Videos

Latest news

Related news

Related Videos

LEAVE A REPLY

Please enter your comment!
Please enter your name here