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Benzinga

Business

Wayne Duggan

Survey: US Travel Demand On The Rise, And Airbnb Could Benefit

Airbnb Bank of America Justin Post Nasdaq ABNB Airbnb Inc

The global travel industry was crushed during the pandemic, but the latest travel survey from Bank of America suggests Airbnb Inc (NASDAQ:ABNB) could be a big winner from a rebound in travel demand this year.

Pent-Up Demand: Bank of America analyst Justin Post said last week that 62% of survey respondents plan to travel more than usual in the next 12 months, suggesting 2022 travel demand could exceed 2019 pre-pandemic levels. In addition, 41% of respondents said they plan to make up for canceled pandemic travel plans over the next two years.

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