Are These The Best Travel Stocks To Buy In October 2021 Watchlist?
While investors focus on the losses among tech stocks today, travel stocks should not be overlooked. After all, the industry would be among the spaces in the stock market to benefit in a post-pandemic world. Sure, the economic reopening is not taking place as smoothly as anticipated. However, global vaccination efforts have and continue to make substantial progress allowing for a gradual return to normalcy, nonetheless. As such, investors willing to bet on the travel industry in the long haul would be watching travel stocks now.
Notably, companies like Carnival (NYSE: CCL) and Delta Air (NYSE: DAL) remain hard at work as well. On one hand, Carnival, a leading name in the cruise industry is ushering in the return of cruises. As of yesterday, the company is looking to resume voyages to Jamaica from October through April 2022. Before that, Carnival also recently added a second cruise to Greenland after its first planned voyage sold out in 24 hours. This would highlight the demand for travel that continues to build amidst the pandemic. On the other hand, airline operators like Delta Air are seeing a rise in air travel figures. According to the company, ticket sales are stabilizing and it remains on track to meet its third-quarter revenue forecasts. All in all, could this make one of these top travel stocks in the stock market today worth buying?
Top Travel Stocks To Watch This Week
- Walt Disney Company (NYSE: DIS)
- Airbnb Inc. (NASDAQ: ABNB)
- American Airlines Group Inc. (NASDAQ: AAL)
- Wynn Resorts Ltd. (NASDAQ: WYNN)
- Expedia Group Inc. (NASDAQ: EXPE)
The Walt Disney Company
The Walt Disney Company is a multinational entertainment and media conglomerate with headquarters in California. The company’s Disney Parks, Experiences, and Products include its theme parks, cruise lines, travel-related assets, and consumer products. Pre-pandemic, it has hosted over 150 million guests annually, making Disney Parks one of the world’s most visited theme park companies worldwide. DIS stock has enjoyed gains of over 40% in the past year.
In August, the company reported its third-quarter financials. Notably, its revenues for the quarter were a whopping $17.02 billion, up by 45% compared to a year earlier. Disney also posted a diluted earnings per share of $1.02 compared to a loss of $1.17 in the year prior.
The company also says that it continues to introduce new experiences at its parks and resorts worldwide, along with new guest-centric services. Furthermore, its direct-to-consumer business is also performing very well, with a total of nearly 174 million subscriptions across Disney+, ESPN+, and Hulu. Given this piece of news, is DIS stock worth adding to your portfolio right now?
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Following that, we have Airbnb, an online marketplace for homestays and rentals. Impressively, it has grown to 4 million Hosts that have welcomed more than 900 million guest arrivals across over 220 countries and regions. The company has benefited from the adaptability of its business model and it continues to focus on driving product innovations to meet the changing needs of its guests and to live with the pandemic.
In its latest financials in August, the company reported a strong second quarter, with a revenue of $1.3 billion, increasing significantly as its business was impacted by the initial spread of COVID-19. It also says that its product innovations will allow people to travel in new ways. Its customers will now have greater freedom around where and when they travel.
Earlier in the year, it launched a Flexible Dates feature to support guests. During this quarter, it further announced Flexible Matching and Flexible Destinations tools to inspire guests to explore more diverse listings and new destinations. All things considered, will you be on the lookout for ABNB stock?
American Airlines Group Inc.
American Airlines is a travel company that has the capacity to cater to 6,700 flights per day to nearly 350 destinations in over 50 countries. It is one of the largest airlines when measured by fleet size and revenue passenger mile. The company is also a founding member of the Oneworld alliance, the third-largest airline alliance in the world. AAL stock currently is up by over 60% in the past year alone.
On September 20, 2021, the company announced that it has become an anchor partner to Breakthrough Energy Catalyst, investing $100 million in a groundbreaking collaborative effort to accelerate clean energy technologies necessary for the company to achieve a net-zero economy by 2050.
Breakthrough Energy Catalyst is a first-of-its-kind model that brings together companies, governments, and private philanthropy to accelerate the adoption of critical, next-generation clean technologies. With that being said, is AAL stock worth investing in?
Wynn Resorts Ltd.
Next up, we will be taking a look at Wynn Resorts. In brief, Wynn is a Nevada-based developer and operator of high-end hotels and casinos. Similar to most of its peers, the company was initially hit hard at the onslaught of the pandemic. As a result, Wynn has and continues to invest heavily in its online gaming division Wynn Interactive. Overall, Wynn could be looking at tailwinds amidst rising demand for both domestic travel and online sports betting.
Because of all this, I could see investors eyeing WYNN stock now. For the most part, Wynn does not seem to be sitting idly by on the operational front. Just last week, WynnBET received a positive update regarding its Louisiana operations.
Simply put, Wynn’s sports betting services and iGaming casino app now have market access to the region should legalization take place. This would, in theory, serve to increase the reach of Wynn’s online gaming offerings. Because of all this, would WYNN stock be a top watch for you?
Expedia Group Inc.
Following that, we have Expedia Group. For the uninitiated, Expedia primarily operates as an online travel shopping company. Through its platform, the company connects consumers and small travel-based businesses across the globe.
In detail, this includes services such as its travel fare aggregators and travel metasearch engines. The likes of which are present via its Trivago and Hotels.com brands among others.
Alongside the recovering travel industry, Expedia continues to improve its current offerings. Over the weekend, news broke of the company’s plans to combine its customer loyalty programs across its brands. By Expedia’s estimates, its Member Only Deals and loyalty rewards have saved customers almost $10 billion on travel to date. Given Expedia’s current momentum, will you be buying EXPE stock this week?