10 Best Travel Stocks To Buy Right Now

6. Trip.com Group Limited (NASDAQ:TCOM)

Number of Hedge Fund Holders: 50

Trip.com Group Limited (NASDAQ:TCOM) is a major online travel agency based in China that provides a one-stop travel platform for users. The platform allows users to book various travel services including Hotels, Flights, and other booking services such as train tickets, car rentals, and guided tours.

On January 3rd, research analysts at CitiGroup upgraded TCOM from a Hold to Buy rating and raised their price target from $73 to $78. The company is benefiting from a strong comeback in travel internationally. During its fiscal third quarter results for 2024, management highlighted its international business experienced robust growth across all segments. Its outbound hotel and air reservations rebounded by around 120% when compared to the pre-pandemic levels in 2019. Whereas, the air tickets and hotel reservations were up 60% year-over-year.

As a result, Trip.com Group Limited (NASDAQ:TCOM) grew its third-quarter revenue by 16% compared to the same quarter in 2023 and 24% from the previous quarter. James Liang, Executive Chairman of the Board noted that AI will revolutionize the travel services sector and further increase the demand for online travel booking. Management has been integrating AI into its platform to provide personalized recommendations. For instance, TripBest analyzes over 100 million user reviews to suggest hotels, destinations, and experiences, while TripGenie serves as a virtual assistant that creates personalized itineraries and answers user queries in real-time. Trip.com Group Limited (NASDAQ:TCOM) is one of the best travel stocks to buy right now.