Airbnb Inc (NASDAQ:ABNB) shares are trading lower by 6.2% to $123.87 during Tuesday’s session. Shares of several travel-related stocks fell Tuesday following Delta Air Lines Inc (NYSE:DAL) announcement of lowered revenue and profit guidance, which raised concerns about weakening travel demand. Additionally, American Airlines Group Inc (NASDAQ:AAL) cut its first-quarter adjusted EPS outlook.
What To Know: Delta and American Airlines’ revised forecasts, citing economic uncertainty and declining consumer confidence, signals a potential slowdown in discretionary spending, a key driver for Airbnb’s short-term rental business.
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Airbnb heavily relies on strong travel demand, particularly in the domestic U.S. market, where Delta flagged softness. If consumers are cutting back on flights due to financial concerns, they may also reduce spending on accommodations, directly impacting Airbnb’s bookings.
Additionally, Delta's CEO noted declines in both corporate and leisure travel, suggesting a broader pullback that could weigh on Airbnb's revenue growth.
With travel demand appearing weaker than expected, investors fear Airbnb's outlook may also soften. The company's dependence on resilient travel trends makes it particularly vulnerable to shifts in consumer sentiment.
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How To Buy ABNB Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Airbnb’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, ABNB has a 52-week high of $170.10 and a 52-week low of $110.38.
