Airbnb (ABNB): Consumer Happiness Declining?

The Airbnb (ABNB) stock price is down over 27% year-to-date. However, travel demand is picking up as there are less available places to stay. “Airbnb (ABNB) is on pace to have a good quarter regarding purchase intent. The company is better positioned than other travel aggregators, but consumer happiness is waning. For example, Hyatt Hotels (H), Marriott International (MAR), and Hilton Hotels (HLT) consumer social media mentions are more positive than Airbnb’s. The ABNB stock price could continue declining if customers are not happy. People are generally not satisfied with the fees that Airbnb adds on to travel stays,” says LikeFolio’s Landon Swan. Kevin Hincks and Tom White join the discussion about the travel sector.