Story of the day
The pandemic created immense challenges for the travel sector. But pent-up demand is steering a course towards a full rebound, with room bookings and air traffic approaching or exceeding pre-pandemic levels in some regions.
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What does this mean for your portfolio?
Air traffic volume in the US domestic market has recovered fully, while travel bookings in Europe and international travel bookings from China are still below pre-COVID levels. This indicates room for solid growth over the next 12 months.
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Top pick to ride this trend
We like travel companies with exposure to Europe and Asia Pacific as the future looks bright to ride this wave of the recovery.
While the US market is seeing a slight drop in room nights, Asia Pacific is seeing a sharp growth followed by Europe.
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