Long-term stays, which are stays of 28 days or more, continue to be the fastest-growing segment of Airbnb's business. Travel recovery is expected to continue in 2023, although a full rebound in spending in this area is not expected to happen until 2024 due to ongoing macro factors at play.īut short-term leisure travelers are just one piece of Airbnb's business. The company even launched its own line of pet wellness supplements, marking its entry into the nonprescription pet wellness market, a space that alone is estimated to have a total addressable market of $2.4 billion.Īirbnb ( ABNB -2.18%) has witnessed a robust business recovery where revenue and net income hit record highs, and there's no doubt that the incidence of "revenge travel" following the worst of the pandemic has been a notable element at play. Beyond products targeting household pets like dogs, cats, and rabbits, the company also sells items for livestock and other farm animals.īut basic supplies like bedding, food, toys, and feed bowls are just a slice of the company's growing business and evolving vision for the future of the platform.Ĭhewy operates a pet pharmacy and pet telehealth service, and even sells insurance plans thanks to partnerships with well-known names in the industry like Lemonade and Trupanion. The company operates an online-only model and sells a wide range of its own branded as well as third-party products to service a wide range of animal owner needs. ChewyĬhewy ( CHWY -0.50%) has taken the tried-and-true pet store model and refreshed it to meet the demands of the digital age. If you're building out your stock shopping list, here are two no-brainer stocks to consider buying right now. But investors who stay in through those highs and lows and continue adding to their portfolio consistently through the years can retain the advantage over investors who try to time the market's movements. 2023 has already been filled with its share of up and down market days. The new year is here, and with it, another year to invest in wonderful companies and build out your long-term portfolio goals.
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