- Airbnb is a platform that links travelers needing accommodation with hosts renting their spaces.
- Fiverr is a freelance platform connecting businesses with freelancers offering various services, boasting 500,000+ freelancers across 200+ categories.
Bull and bear markets come and go, but great businesses can endure and help your investments grow.
Finding such businesses doesn’t have to be complicated. The companies you invest in depend on factors like your risk tolerance, investment philosophy, industry diversity, and overall portfolio mix.
Consider adding these two names if you’re seeking promising growth stocks to buy soon.
Airbnb (NASDAQ: ABNB) has navigated the changing travel scenario effectively, showcasing the adaptability of its core business model. Several unique factors set Airbnb apart in the travel industry.
Firstly, Airbnb’s asset-light model is a standout feature. The company only owns some of the properties listed on its platform, allowing it to thrive as more hosts and travelers join without significant overhead costs.
Additionally, Airbnb caters to both the supply and demand sides of travel accommodations. Hosts are incentivized to list their properties, as evident in the platform’s record-high 7 million active listings, up nearly 20% from the previous year.
On the traveler’s side, Airbnb’s appeal lies in its ability to offer various accommodations worldwide for short or extended stays. In Q2 2023, gross booking value surged to $19 billion, a remarkable 94% increase from the pre-pandemic Q2 in 2019.
Long-term stays, lasting 28 days or more, account for roughly one-fifth of all bookings; stays lasting three months or more represent 25% of monthly bookings. Despite economic uncertainty, Airbnb’s diverse travel spending model positions it for long-term growth.
Lastly, Airbnb’s flexible business approach, catering to hosts and travelers, combined with its asset-light model and success with various types of travel spending, solidifies its resilience and growth prospects in the travel industry.
Fiverr (NYSE: FVRR) is thriving in the growing freelance market. Freelancer demand is rising, driven by remote work and distributed teams. Fiverr is one of the top freelance platforms globally and is well-positioned to benefit from this trend. It’s faced challenges due to economic uncertainty but continues to grow its revenue. While the number of active buyers hasn’t surged recently, it remains stable.
Fiverr offers solutions for businesses to connect with freelancers, including Fiverr Business Solutions. This expanding freelance market has enormous potential. Fiverr believes U.S. freelancers alone could earn around $250 billion. While it is yet to be profitable, Fiverr is improving its financials.
Fiverr provides long-term investors with strong growth potential in the freelance business. The company’s sales have consistently climbed over the last year, reaching $343 million. It’s adapting to the changing scenery by introducing upgrades and launching Fiverr Business Solutions to cater to mid to large-sized businesses.
Despite concerns about a potential recession, Fiverr remains well-positioned to facilitate freelance talent connections. While most freelance relationships still happen offline, Fiverr is disrupting this market. Its AI-powered system and suite of tools make it easier for companies to hire freelancers online.
Finally, Fiverr’s growth prospects look promising, and it continues to innovate in the expanding freelance market. For investors seeking long-term growth potential, Fiverr presents an appealing opportunity in the changing world of work.
Airbnb (NASDAQ: ABNB) and Fiverr (NYSE: FVRR) are companies to consider investing in because of their adaptability, growth potential, and positioning in rapidly changing industries.
Both businesses have distinctive strategies and are prepared to satisfy the market’s shifting needs.
While risks are involved, their long-term potential makes them appealing investment possibilities for those hoping to profit from shifting travel and freelancing habits.