Revenge travel or the concept of making up for lost time due to the Covid-19 disruption may have expired. But that doesn’t necessarily spell doom for travel stocks to buy. On the contrary, American consumers still appear eager to use up their accumulated paid time off or PTO.
All things considered, it’s a great time to enjoy a vacation. For one thing, the labor market is relatively robust. Now, I know certain important nuances exist – nuances that eventually may raise economic challenges.
For example, the unemployment rate for young people runs alarmingly high compared to the overall worker demographic. Plus, sustained jobless claims don’t exactly help matters involving broader confidence. Nevertheless, many folks are gainfully employed, allowing them to enjoy their hoarded vacation hours.
Plus, the big one for international travelers: the dollar is strong relative to many other international currencies. This dynamic affords American tourists with incredible purchasing power. All in all, the market for sun in the fun appears robust.
With that, below are travel stocks to buy. TripAdvisor (TRIP) Falling under the broader consumer cyclical space, TripAdvisor (NASDAQ: TRIP ) – as its name suggests – provides travel services. Specifically, it offers travel guidance products, enabling vacationers to make the most out of their accumulated PTO.
Fundamentally, with the dollar so strong relative to other currencies, TripAdvisor could see a demand increase. This is an ideal .
