Management quickly moved toward bringing online listings in more isolated and rural areas. Indeed, Airbnb’s resilient business model has allowed it to refocus its efforts in a way that traditional lodging companies couldn’t. While the initial reaction was rather lukewarm, Airbnb is now started to trend upward. The company’s last earnings report was actually quite good, all things considered. I recently explained why investors have been too harsh on ABNB stock. Corporacion America Airports (NYSE: CAAP).Grupo Aeroportuario del Pacifico (NYSE: PAC).These seven are the most promising looking a few months out: To be sure, some travel stocks are coming out of this in a much better state than others. For companies that use a bunch of leverage, losing this large a chunk of revenues and cash flows for an extended period can be a crippling blow. The “Roaring 20s” narrative seemingly came and went within a month as society failed to reach the levels of reopening prosperity that analysts had been hoping for.Ĭombine that with a great deal of outstanding debt in the travel industry, and many firms still face a challenging future. While the world economy is on the mend from the virus, it’s been an uneven comeback so far. That same travel-heavy exchange-traded fund, PEJ, has lost 9.3% since the beginning of June. Meanwhile, vaccine skepticism has slowed vaccination rates in certain states and countries. New waves and variants of the novel coronavirus, such as Delta, have slowed down the travel sector recovery. However, that enthusiasm has dimmed considerably. The Invesco Dynamic Leisure and Entertainment ETF (NYSEARCA: PEJ) gained more than 20% in the first five months of the year. Earlier this spring, there was a great deal of excitement for the airlines, hotels, and related stocks.
It’s been an up-and-down year so far for travel stock.
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