5 Travel Stocks Billionaires Are Loading Up On

In this piece, we will take a look at five travel stocks billionaires are loading up on. If you want to find out more about the industry then check out 10 Travel Stocks Billionaires Are Loading Up On.

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

Number of Billionaire Investors: 7

Number of Hedge Fund Investors: 40

Trip.com Group Limited (NASDAQ:TCOM) is a Chinese company that provides the usual host of booking and reservation services. Its second quarter earnings report saw the firm grow revenue by 180% annually as it sounded confident that services like TikTok will be unable to catch up to travel agencies when it comes to the quality of services.

During Q2 2023, 40 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Trip.com Group Limited (NASDAQ:TCOM). Out of these, the firm’s biggest investor is Richard S. Pzena’s Pzena Investment Management since it owns 6.5 million shares that are worth $230 million.

4. Royal Caribbean Cruises Ltd. (NYSE:RCL)

Number of Billionaire Investors: 7

Number of Hedge Fund Investors: 40

Royal Caribbean Cruises Ltd. (NYSE:RCL) is an American cruise ship company that is also one of the biggest of its kind with dozens of ships in its fleet. The firm has managed to beat analyst EPS estimates in all four of its latest quarters and the stock is rated Buy on average.

After digging through 910 hedge funds for their second quarter of 2023 investments, Insider Monkey discovered that 40 had invested in the firm. Royal Caribbean Cruises Ltd. (NYSE:RCL)’s largest hedge fund shareholder is D. E. Shaw’s D E Shaw through a stake worth $395 million.

3. Airbnb, Inc. (NASDAQ:ABNB)

Number of Billionaire Investors: 11

Number of Hedge Fund Investors: 47

Airbnb, Inc. (NASDAQ:ABNB) allows travelers to book and manage their accommodations. Like Royal Caribbean, it has also beaten analyst EPS estimates in all four latest quarters, and as the shares have gained 71% year to date, analysts have penned in a 1.5% downside to the shares based on the average share price.

By the end of this year’s June quarter, 47 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned a stake in Airbnb, Inc. (NASDAQ:ABNB). Out of these, the biggest investor is Jim Simons’ Renaissance Technologies since it owns 5.2 million shares that are worth $678 million.

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

Number of Billionaire Investors: 15

Number of Hedge Fund Investors: 57

Expedia Group, Inc. (NASDAQ:EXPE) is one of the biggest online travel services providers in the world. After three consecutive earnings misses, the firm’s second quarter earnings provided a respite as the EPS beat analyst estimates.

Insider Monkey’s second quarter of 2023 survey covering 910 hedge funds uncovered 57 investors in the company. Expedia Group, Inc. (NASDAQ:EXPE)’s largest shareholder in our database is Paul Reeder and Edward Shapiro’s PAR Capital Management courtesy of a $371 million stake.

1. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Billionaire Investors: 16

Number of Hedge Fund Investors: 78

Booking Holdings Inc. (NASDAQ:BKNG) is a diversified travel services provider. The firm is currently facing heat from the Texas attorney general, who has filed a lawsuit against the company accusing it of deceptive pricing by avoiding additional fees in its rates.

78 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had held a stake in Booking Holdings Inc. (NASDAQ:BKNG). Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is the biggest hedge fund investor through a $1.3 billion investment.

Disclosure: None.  You can also take a look at 15 Fastest Growing Fintech Companies In 2023 and iOS vs Android Market Share by Country: Top 30 Countries Using iPhones.

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