Tags: travel | stocks | low | risk | economy | rebound

Barron's: 7 Low-Risk Stocks for Travel Rebound

Barron's: 7 Low-Risk Stocks for Travel Rebound

By    |   Monday, 08 June 2020 08:11 AM

Americans are anxious to finally leave home amid the seemingly endless economic lockdowns sparked by the coronavirus pandemic.

Shares of hotels, cruise lines, and airlines have all risen more than 20% as the pent-up travel demand prepares to hit the road this summer.

However, many Americans simply are not ready to venture far from home, Barron’s explained. The latest Harris Poll shows that 53% plan to put off their next trip until 2021. The number of U.S. passengers flying is still down more than 85% from a year ago, the financial newspaper reported.

So travel — business and leisure — is likely to return in stages, Barron’s predicted.

The rebound “will not be linear,” Axel Hefer, CEO of the travel search site Trivago (TRVG), told Barron’s. “Travelers will be in a different state of mind. Some will progress faster, some much slower. It will depend on age, health conditions, where you live, and to what extent you’ve experienced the first outbreak. If you’re coming from northern Italy, it is more likely you’ll return more slowly than from areas where it isn’t really as severe.”

Here are 7 stocks that stand to benefit from a pickup in travel this summer, across a wide variety of industries:

  • Refiners: Marathon Petroleum (MPC)
  • Airlines: Southwest Airlines (LUV), Spirit Airlines (SAVE), Delta Air Lines (DAL)
  • Hotels: Extended Stay America (STAY)
  • Cruise Lines: Lindblad Expeditions Holdings (LIND)
  • Casinos: Las Vegas Sands (LVS)

© 2021 Newsmax Finance. All rights reserved.

Americans have been quite literally pent up for the past two months, and travel demand is pent up, too.
travel, stocks, low, risk, economy, rebound
Monday, 08 June 2020 08:11 AM
Newsmax Media, Inc.
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved