Travel stocks are companies that generally specialize in transportation, lodging, or amusement. Traveling is a multi-faceted endeavor and can often take a number of different forms. As such, bookings companies like Booking Holdings are just as much travel stocks as airlines or hotels. Even peer-to-peer lodging platforms like Airbnb are considered travel stocks. Traveling is a good example of an economy-dependent business that tends to take off when times are good and slows down when things cool off.
For those that want to gamble on the sustained rebound in travel sentiment, these are the top airline stocks to buy based on risk profile.
Indications are that Americans plan to spend more money during the holidays compared to last year, and these companies should benefit.