Some of the factors working in Airbnb’s favor include not just the rise in overseas travel, but also tourists spending more time in urban communities. This bodes well for the company, since most of its profits arrive from transactions outside of the United States and in urban cities.
The remote work factor
With more people embracing remote work as a way of life, this frees them up to travel on a regular basis. The digital nomad lifestyle, for instance, allows folks to build their careers on a laptop, no matter where they’re staying at any given moment.
As remote work becomes more common and mainstream, Airbnb’s revenue is likely to reap subsequent benefits from this.
At the end of the day, fewer people want to go through the tedious grind of daily commutes to an office, especially when alternatives like video conferences, Slack, Zoom, and more remain readily available.
