12/4/2023 0 Comments Best travel stocks to buy now![]() The list is arranged according to the number of hedge fund holders in each firm. We have assessed the hedge fund sentiment from Insider Monkey’s database of 920 elite hedge funds tracked as of the end of the third quarter of 2022. We selected the following travel stocks based on positive analyst coverage, strong business fundamentals, and market visibility. Despite a slowing global economy, pent up travel and leisure demand makes it a good idea to pick up some of the best travel stocks like The Walt Disney Company (NYSE: DIS), MGM Resorts International (NYSE: MGM), and Las Vegas Sands Corp. By 2025, travel revenue will provide 32% more to the Asian GDP than it did pre-pandemic.Īs per a Bloomberg report dated December 13, China’s swift reopening and easing of Covid Zero policies has initiated a solid rebound in the world’s largest domestic air travel market, which is a positive catalyst for the ‘Big Three’ Chinese airlines, which have suffered billions of dollars in losses since the beginning of the pandemic. The report suggests ongoing gains to Asia-Pacific’s travel sector in 2023, and the year after that is also expected to bring positive growth in the industry. Later, Japan, South Korea, and Taiwan also opened up. Travel restrictions were first lifted in India and Australia, followed by Malaysia, Thailand, and other Southeast Asian countries. ![]() ![]() However, the report by World Travel & Tourism Council demonstrates that the Asia-Pacific is forecasted to bridge the gap this year, and travel revenue contribution to the economy will increase by nearly 71%. Recovery initiatives in the region were dull in 2021, as most countries maintained tight border restrictions. The Travel & Tourism Economic Impact report for 2022 by the London-based World Travel & Tourism Council indicated that tourism revenue in 2020 declined about 59% in the Asia-Pacific as compared to 2019 levels, which was the highest global drop. If you want to see more stocks in this selection, check out 5 Best Travel Stocks To Buy Right Now. In this article, we discuss 11 best travel stocks to buy right now.
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