Travel stocks are some of the most popular among those looking to take advantage of a strong economy. When it comes to travel stocks, you’re not just looking at companies that get vacationers from point A to point B. These companies are involved in numerous supply chains on a global scale.
It takes more than just airline stocks to make up travel stocks too. Needless to say, when average traders thinking about this class of stocks, the most popular travel stocks to buy are ones involving vacationers. Companies like cruise lines and even travel agencies such as Booking Holdings are names investors consider.
Why Travel Stocks?
Then again, the economy can have a direct impact on travel stocks. If people and businesses aren’t willing to spend money on travel, these stocks can feel the strain. On the other hand, with a booming economy, travel stocks become some of the best to watch. Expendable income and economic growth leading to more business travelers are just a few of the reasons.
Other equity classes may find common ground among travel stocks. If you look at some of the hospitality stocks to buy, they will have exposure to travel. Booking Holdings, for example, is one of these caught in the cross-fire of travel and hospitality.
Even financial stocks like American Express can be considered among travel stocks if you take their booking services into account. Are travel stocks the best to buy? That decision will have a lot to do with what’s going on in the stock market today. Nevertheless, travel remains a necessity in today’s global economy.
5 Top Travel Stocks To Watch In October 2021
Check out these travel stocks making moves in the stock market today.