Travel demand has taken off — with travel companies Airbnb and Marriott reporting their strongest recovery since the start of COVID — jumping over 4.7% and 7.7%, respectively, yesterday. But direct competitor Expedia (NASDAQ:EXPE) hasn’t shared in their fortunes — falling 0.5% after reporting worse-than-expected earnings. Rising: Airbnb reported record nights booked in the previous…
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Travel stocks regains momentum as travel booking heats us
After years of lockdowns, not even excessive inflation and a raging war can keep us from traveling. Travel demand is rising and airlines are seeing record bookings — but travel stocks are struggling to take off. Travel bookings defy gravity Since Mar. 7, the US Global Jets ETF is back up 21% after a near…
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Travel stocks are off to a strong 2022 start
Travel stocks are back — with Airbnb (NASDAQ:ABNB) up 4% after hours from reporting earnings that exceeded expectations yesterday. What’s the big deal? In just two years, Airbnb went from weak — taking out $1B in debt to get through COVID — to strong: Reported its second consecutive profitable quarter — with a net income…
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COVID cases rise but investors look past their temporary impacts
20 months into COVID and infections are still surging globally. But this time, consumers are carrying on with their Thanksgiving plans and investors are optimistic about their returns. What’s the big deal? In the US, cases are rising in more than 30 states with the largest increases in the midwest and Northeast regions. Cases are…
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Travel stocks takes a breather – Is there still upside?
Would you give up sex for a year if it meant you could travel right now? According to Trivago, 40% of Americans would – but data shows it’s still too early. Despite a lack of travel, many travel stocks have surpassed their pre-pandemic share prices. Where will they go from here? Travel stocks are stuck…
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