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3 travel stocks that have risen more than 30% in the last year

David Boulder
16. 4. 2024
4 min read

The travel industry is expected to recover significantly in 2024, which represents an interesting opportunity for investors. With the improving economic environment and the easing of restrictions imposed during the COVID-19 pandemic, travel stocks are in a position to benefit significantly from the growing demand for international and domestic travel.

This trend is supported by an expected increase in consumer spending and increased interest in tourist destinations that have been less accessible in recent years. In addition, with the development of new technologies and improvements in services, new opportunities are opening up for travel companies to adapt to changing consumer behaviour. Sectors such as air transport and the hotel industry can expect a return to pre-pandemic levels of demand, which will contribute to the overall recovery of the industry.

Booking Holdings $BKNG-0.1%

Booking Holdings, the giant in the online travel booking giant, which operates platforms such as Priceline, Kayak and others, has reported significant growth in recent financial reports. For the year 2023, revenues were 21,3 billion, up 25% from the previous year. This growth reflects a renewed interest in international travel.

BKNG
$3,790.12 -$5.23 -0.14%
Fair Price: $7,612.82
Ckqqxojz: 3.75%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

The positive momentum continued in the first quarter of 2024 as Booking Holdings reported an increase in net profit o 20 % year-on-year, reaching $800 million. This result exceeded analysts' expectations, who had predicted a steadier growth rate. The company's shares reacted positively, rising 8% on the day of the results announcement. This growth was supported not only by stronger financial results, but also by increased investor confidence in the company's strategy and its ability to adapt to a changing market.

BKNG
$3,790.12 -$5.23 -0.14%

Booking Holdings sets ambitious targets for the future. Management expects to close 2024 with total revenue exceeding 12 billion which would represent an 18% year-over-year increase. This optimism is backed by a continued recovery in the global travel industry and strategic investments in technology innovations that improve the user experience on their platforms. Expansion of the offering services and geographic expansion are key aspects that should help achieve these goals and maintain the company's leadership position.

Airbnb $ABNB+1.8%

Airbnb, the platform for home sharing, which has transformed the short-term rental market, reported strong financial growth in 2023. The company's revenue grew 18% year-over-year to $9.9 billion, reflecting the growing popularity of of alternative accommodation options compared to traditional hotels. This growth was particularly evident in the third quarter, when revenue reached $3.4 billion, the highest quarterly revenue in the company's history.

ABNB

Airbnb

ABNB
$147.01 $2.54 +1.76%
Fair Price: $707.63
Dzacdpfn: 48.26%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

In response to the growing demand for authentic travel experiences, Airbnb expanded its offerings to include Experiences, which are unique activities hosted by local hosts. By the end of 2024, the company plans to double the number of these Experiences, providing users with more than 50,000 opportunities around the world. In conjunction with this expansion, the Experiences segment is expected to generate an additional $800 million in revenue, which would represent a nearly 15% contribution to total annual revenue.

ABNB

Airbnb

ABNB
$147.01 $2.54 +1.76%

Despite these successes, Airbnb faces several challenges, including market regulations and competition. In 2023, the company paid a $10 million fine for misleading customers about price displays in the wrong currency. To overcome these obstacles, Airbnb is implementing more transparent pricing policies and strengthening its legal and regulatory teams. In doing so, the company is working to maintain trust of its customers and to strengthen its position in order to maintain its first-mover advantage over the coming years.

Trip.com Group $TCOM-0.9%

Trip.com Group, a leading Chinese online travel agency, has seen a rapid increase in demand for travel services following the relaxation of COVID-19 restrictions. In 2023, the company reported record revenue of $6.2 billion, an increase of 111 %. Domestic travel was a major contributor to this growth, accounting for more than 60% of total bookings of the company's bookings, reflecting the renewed confidence of Chinese consumers in the safety of travel.

In the first quarter of 2024, Trip.com continued its positive trend with further revenue growth. The company also reported that its international bookings were up 50% compared to the previous year, signalling the growing appetite of Chinese tourists to explore foreign destinations after years of restrictions. This trend is supported by the company's strategy to expand its services beyond Asia and to penetrate new markets in Europe and North America.

TCOM

Trip.com

TCOM
$52.26 -$0.49 -0.93%

For future growth, Trip.com Group is emphasizing innovation and technological development. The company has invested more than $500 million in the development of new technologies to personalize the customer experience and streamline the booking process. This investment has critical to maintain a competitive advantage in a rapidly changing travel industry where digitalisation and customer experience are playing an increasingly important role. With these steps, Trip.com is cementing its position as an innovation leader in the global travel market.

Disclaimer: You will find a lot of inspiration on Bulios, however, stock selection and portfolio construction is up to you, so always conduct a thorough self-analysis.

Source.

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