Following years of pandemic-related restrictions, the unleashing of pent-up travel demand has been a windfall for hospitality stocks like Airbnb (ABNB). The surge in so-called “revenge travel” pushed more users to ABNB's platform, and led to a significant recovery in its share price. Thanks to a more favorable operating environment, ABNB stock has risen over 79% year-to-date in 2023, easily outperforming the S&P 500 Index ($SPX).
