
Airbnb Inc (NASDAQ:ABNB) investors are optimistic that the global travel industry recovery in 2022 will kick-start the stock after a lackluster past 12 months. On Tuesday, Bank of America analyst Justin Post said he loves Airbnb's unique business model, but the stock may have limited upside at its current valuation.
Latest Data: Post said the latest data from AirDNA suggests the travel industry in Europe and the rest of the world is growing much faster than the U.S. market, which is coming up on difficult summer comps. He said the mix shift toward international sales will negatively impact Airbnb's average daily rate (ADR), which Post estimates dropped to just 4% growth in the first quarter.