10 Best Travel Stocks To Buy Right Now

4. Expedia Group, Inc. (NASDAQ:EXPE)

Number of Hedge Fund Holders: 52

Expedia Group, Inc. (NASDAQ:EXPE) is a major online travel company that helps people plan and book their travel experiences. It operates through three main segments including B2B, B2C, and Trivago. It is renowned for three main travel brands including Vrbo, Hotels.com, and Expedia. It generates a majority of its earnings through online booking transaction fees.

On December 18, BofA upgraded its stance on EXPE from Neutral to Buy. It raised its price target from $187 to $221 on the back of improved travel trends in the United States and Wall Street estimates of 10% EBITDA growth in 2025. The stock of Expedia Group, Inc. (NASDAQ:EXPE) has already grown by 28.50% over the past year due to strong travel demand in its B2B and B2C segments. Management noted that it continued to witness an accelerated booking growth rate for the second consecutive quarter in the fiscal third quarter of 2024, whereas its advertising and B2B segment also delivered strong double-digit growth.

During the fiscal third quarter of 2024, Expedia Group, Inc. (NASDAQ:EXPE) grew its revenue by 3% year-over-year, driven by 7% growth in gross bookings and a 32% surge in advertising revenue. Management introduced several new features aimed at improving customer experience, such as destination comparison tools and flexible date searches. These enhancements contributed to a 25% increase in package bookings during the quarter.

Carillon Chartwell Mid Cap Value Fund stated the following regarding Expedia Group, Inc. (NASDAQ:EXPE) in its Q3 2024 investor letter:

“Expedia Group, Inc. (NASDAQ:EXPE) is an online travel services provider with several leading brands including Expedia, Hotels.com, and Vrbo. The company saw accelerating bookings growth at Expedia and a return to growth at vacation rental platform Vrbo.”