Airbnb (ABNB) enables property owners to offer stays to travelers, and the company has strived to build a business model centered around product innovation. Airbnb competes with other vacation rental players such as Expedia (EXPE), TripAdvisor (TRIP), Booking Holdings (BKNG), and Travelzoo (TZOO). Since the beginning of the year, Airbnb stock has declined 33%, although the revival of the travel industry has helped the company regain some lost momentum. Growth stocks continue to get hammered amid interest rate hikes and geopolitical tensions, but this bloodbath presents an opportunity to invest in high-growth companies at a discounted price.
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