3 Stocks to Buy to Profit as the Travel Industry Rebounds -Breaking
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© Reuters. The Travel Industry is Rebounding: 3 Stocks To Buy To Make ProfitFollowing a serious setback last and earlier in the year, there are signs that the industry is returning to normal as COVID-19 continues its rollout and restrictions on travel worldwide have been lifted. It might be a wise decision to invest now in fundamentally solid stocks related to travel. Expedia (NASDAQ:), Trivago TRVG, and Travelzoo TZOO. So, let’s examine these names.The travel industry was among the worst-hit by the COVID-19 pandemic last year because people were locked inside their homes for the better part of the year. But, with more people getting vaccinated and less social stigma, there are signs that the industry is beginning to recover.
Investors’ interest in the travel industry is evident in the ETFMG Travel Tech ETF’s (AWAY) 8.3% returns over the past three months. McKinsey conducted a survey and found that travel was the second most preferred activity among its participants. A pandemic travel ban, which had been in effect for over a year and half was lifted by the United States on November 8.
Given this backdrop, we think it could be wise to scoop up quality travel-related stocks Expedia Group, Inc. (EXPE), Trivago N.V. (TRVG), and Travelzoo (TZOO) to capitalize on the industry’s recovery.
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