Airbnb ABNB, -1.00% is scheduled to report quarterly results Thursday afternoon, and analysts expect to see a continued economic recovery from the initial effects of the COVID-19 pandemic, though they’re unsure of what will happen in the third quarter and beyond because of the delta variant of the virus.
“The road to full travel recovery remains bumpy until more of the world is vaccinated,” Expedia Chief Executive Peter Kern said on the company’s earnings call last week. Expedia mentioned strength in its Vrbo business, which is an Airbnb rival. Booking also said its alternative accommodations, or AA, business, especially in Europe, was strong in the second quarter.
Stock movement: Airbnb stock has risen after both its earnings reports so far. Airbnb shares are up about 1.4% so far this year through Tuesday’s session, while the S&P 500 index SPX, +0.10% has gained more than 18%.
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