10 Best Travel Stocks To Buy Right Now

7. Viking Holdings Ltd (NYSE:VIK)

Number of Hedge Fund Holders: 49

Viking Holdings Ltd (NYSE:VIK) is an experiential travel company that specializes in offering unique travel experiences across all seven continents. It offers three main cruise categories including River Cruises, Ocean Cruises, and Expedition Cruises. Each cruise is designed to immerse travelers in the local culture and environment. Its fleet comprises over 92 small, modern ships, which are likened to floating hotels.

The company differentiates from its competitors based on its direct marketing strategy and ability to source passengers through direct channels thereby reducing customer acquisition costs. Another competitive edge is its high occupancy rate, which also indicates high demand. During the fiscal third quarter of 2024, Viking Holdings Ltd (NYSE:VIK) maintained a high occupancy rate of 94%. Moreover, as of November 3, 2024, the company had sold 95% of its capacity for the 2024 season and 70% for the 2025 season, reflecting robust forward bookings and consumer interest.

Financially speaking the company achieved total revenue of $1.68 billion, marking an 11.4% increase or $171.9 million more than the same quarter in 2023. This growth was primarily driven by higher revenue per Capacity Passenger Day (PCD) in 2024. Viking Holdings Ltd (NYSE:VIK) Chairman and CEO, Torstein Hagen, emphasized the strength of their brand and loyal customer base as key drivers behind their impressive results. The company aims to continue expanding its fleet and enhancing its marketing efforts for upcoming seasons, positioning itself for sustained growth in the travel industry.