Go Places With These Online Travel Stocks
The online travel industry is growing--and its stocks are undervalued.
With summer on our doorstep, companies across the globe are gearing up for what's poised to be one of the busiest travel seasons in years. According to the U.S. Travel Association, total travel expenditures in the U.S. should top $1.01 billion in 2017, up from $971 million in 2015, with much of that spend coming during peak travel periods, such as in the summer. The travel and tourism industry should also see good year-over-year gains, with the association predicting total expenditures to reach $1.14 billion by 2020.
While many sectors stand to profit from increased tourism, one that stands to benefit more than others: the online travel industry.
Bryan Borzykowski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.