As the world continues to embrace travel with renewed vigor in the post-pandemic era, the industry is poised for significant growth throughout the remainder of 2024. With August already here, some investors may worry that the best opportunities have already been seized. However, many of the top travel stocks remain attractively priced, buoyed by the persistent “revenge travel” phenomenon that took off after the pandemic and shows no signs of slowing down.
Despite challenges such as unstable exchange rates and varying affordability trends, the appetite for travel appears stronger than ever. According to recent data from Mastercard (NYSE: MA ), shared in July, the travel industry in 2024 is breaking records. In fact, nine of the past 10 record-breaking spending days in the global cruise and airline industry have happened this year alone.
A robust labor market and a rising desire for longer vacations fuel surging travel activity and create a favorable environment for travel stocks. As the travel boom continues, we’ll explore three travel stocks that are poised to benefit from this enduring trend. These names offer strong investment cases, displaying robust growth prospects and rather attractive valuations.
Booking Holdings (BKGN) As a premier global online travel and reservation service provider, Booking Holdings (NASDAQ: BKNG ) stands at a perfect position to capitalize on the current travel surge. With its top-tier portfolio of leading online outlets such as Booking.com,.