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Highlights
- Travel firms are reporting higher bookings and looking forward to a summer boom.
- For the first time since 2020, the UK is ahead of the rest of Europe in terms of bookings.
The travel and tourism sector has been taking the brunt of the pandemic-related restrictions and has suffered from huge losses. However, the situation appears to be improving with higher bookings being reported by travel firms. UK travel and leisure companies, easyJet and Saga, are forecasting a summer boom for the travel sector as consumer confidence will increase with falling Omicron cases, accompanied by the easing of travel-related restrictions by the UK government.
As per UK’s largest airline easyJet, there is a huge demand for beach bookings, especially for Greece and Turkey, and the demand for travelling to seaside destinations may be over 30% more than what it was before the pandemic in 2019. According to easyJet CEO Johan Lundgren, flight capacity can potentially reach the pre-pandemic levels in the fourth quarter.
He added that for the first time since 2020, the UK is ahead of the rest of Europe in terms of bookings.
Let’s take a look at some travel stocks, which may do well in 2022.
RELATED READ: Is it the right time to buy these 2 FTSE travel stocks?
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Saga plc (LON: SAGA)
The market cap of travel and insurance group, Saga plc, stands at £410.07 million as of 27 January 2022. Saga plc’s shares closed at GBX 292.00 on 27 January 2022.
easyJet plc (LON: EZJ)
The market cap of the leading UK-based international low-cost airline group, easyJet plc, stands at £4,819.43 million and the FTSE250-listed company has provided a negative return of - 10.95% to its shareholders in the last one year as of 27 January 2022. easyJet plc’s shares closed trading at GBX 635.80 on 27 January 2022.
Wizz Air Holdings PLC (LON: WIZZ)
The market cap of the Swiss-based airline corporation, Wizz Air Holdings PLC, stands at £4,400.14 million and the FTSE250-listed company has provided a negative return of 1.55% to its shareholders in the last one year as of 27 January 2022. Wizz Air Holdings plc’s shares closed trading at GBX 4,269.00 on 27 January 2022.
RELATED READ: How to buy travel insurance in 2022?
International Consolidated Airlines Group S.A. (LON: IAG)
The market cap of the Anglo-Spanish international airline holding enterprise, International Consolidated Airlines Group S.A., stands at £7,862.70 million and the FTSE100-listed company has provided a return of 14.10% to its shareholders in the last one year as of 27 January 2022. International Consolidated Airlines Group S.A.’s shares closed trading at GBX 158.48 on 27 January 2022.
Jet2 PLC (LON: JET2)
The market cap of the UK-based transnational airline business, Jet2 PLC, stands at £2,785.76 million and the constituent of the FTSE AIM UK 50 index has provided a return of 2.93% to its shareholders in the last one year as of 27 January 2022. Jet2 plc’s shares closed trading at GBX 1,298.00 on 27 January 2022.
