Accommodation-related service provider Airbnb (ABNB) posted a stellar third-quarter earnings report and was well on the way to its post-pandemic recovery. However, with fears surrounding the COVID-19 omicron variant t now coloring the market, can the company sustain its improving operational performance in the coming months? Let's find out.San Francisco’s Airbnb, Inc. (ABNB) garnered significant investor attention when it made its stock market debut in December last year. The company runs a platform that facilitates temporary accommodation for travelers worldwide. Its shares have gained 14.5% in price so far this year thanks to the company’s business revival on the elimination of travel bans in the second half of the year.
However, fears surrounding the COVID-19 omicron variant have caused the stock to decline 18.9% in price over the past month. Because the new variant is spreading fast in the United States, consumers might cancel or defer their holiday plans, affecting the company's revenues in the coming months. So, ABNB's near-term prospects look uncertain.
Here is what could shape ABNB's performance in the near term: