5 Best Travel Stocks To Buy Right Now

1. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 78

Booking Holdings Inc. (NASDAQ:BKNG) is a travel technology corporation that engages in business through many well-known brands, namely, Booking.com, Priceline.com, Agoda.com, Rentalcars.com, KAYAK and OpenTable, Inc.

On October 23, HSBC started coverage of Booking Holdings Inc. (NASDAQ:BKNG) stock with a Buy rating and a price target of $3,650.

After lockdown restrictions were lifted in China, a boom in travel demand is being witnessed. To benefit from the resurgence of demand, Agoda.com, a subsidiary of Booking Holdings Inc. (NASDAQ:BKNG), has announced a collaboration with Meituan, on October 23, in which both companies will exchange resources like supply chain management, product offerings, travel technology, data intelligence, and more. The two corporations also launched “Chinese Preferred” hotels around the world in more than 1,000 locations which will focus on the needs of Chinese travelers.

Booking Holdings Inc. (NASDAQ:BKNG) was mentioned in Wedgewood Partners’ third-quarter 2023 investor letter. Here is what it said:

“Booking Holdings Inc. (NASDAQ:BKNG) also contributed to portfolio performance during the quarter. The Company reported continued healthy travel demand during the quarter that ended in June, with accelerating trends into July. In addition, Booking’s alt-accommodations sub-segment (about 35% of Booking’s total room nights) reported +11% room night growth, in-line with the Company’s largest pure-play alt-accommodations competitor, Airbnb. We estimate Booking’s total alt-accommodation room nights per quarter are approaching parity with Airbnb, yet Booking has a vastly superior GAAP operating margin structure – even as Booking aggressively outspends Airbnb on merchandising and payment functions, as well as paid search marketing efforts. There is still plenty of room for Booking to take wallet share in consumer travel budgets, which are still pent-up from the pandemic, particularly outside the United States.”

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