BKNG, DAL, & MAR among top travel stocks to explore in July

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BKNG, DAL, & MAR among top travel stocks to explore in July

 BKNG, DAL, & MAR among top travel stocks to explore in July
Image source: © Snicol24 | Megapixl.com

Highlights:

  • Booking Holdings Inc. (NASDAQ: BKNG) revenue soared 136% YoY in Q1, FY22.
  • Marriott International (NASDAQ: MAR) revenue rose 81% YoY in Q1, FY22.
  • Delta Air lines, Inc. (NYSE: DAL) will report its Q2 fiscal 2022 results on July 13.

Airlines and travel stocks are on investors' radar after the world’s second-largest economy China eased some of its pandemic-related restrictions.

Beijing said it would reduce the quarantine period for overseas visitors. The move could be a boon to the travel industry. China had imposed strict rules to curb the spread of Covid-19 infections.

The travel industry was one of the worst-hit sectors due to restrictions on travel globally. However, the sector recovered some of its losses due to easing pandemic restrictions.

In 2020, US travel spending decreased by over 40%. However, by April 2022, it rose around 3% from its pre-pandemic levels. Spending on international travel declined over 75% in 2020 while recovering only around 4% in 2021, according to the World Tourism Organization.

The following are the top travel stocks to explore after China’s easing of pandemic restrictions.

Booking Holdings Inc. (NASDAQ: BKNG)

Booking Holdings is a technology-driven travel company providing travel and restaurant reservation services. It is based in Norwalk, Connecticut.

Its shares traded at US$1805.86 at 2:31 pm ET on June 29, down 1.77% from their closing price of June 28. Its stock value decreased by 25.31% YTD.

The firm has a market cap of US$73.49 billion, a P/E ratio of 146.38, and a forward one-year P/E ratio of 18.26. Its EPS is US$12.36.

The 52-week highest and lowest stock prices were US$2,715.66 and US$1,795.01, respectively. Its trading volume was 405,259 on June 28.

The company's revenue increased by 136% YoY to US$2.7 billion in Q1, FY22. Its net loss was US$700 million, or US$17.10 per diluted share, as compared to US$55 million, or US$1.34 per diluted share, in Q1, FY21.

Top travel stocks to explore in Q3Source: ©2022 Kalkine Media®

Marriott International (NASDAQ: MAR)

Marriott International is a hospitality firm specializing in hotels, residential properties, and timeshare properties. The company is based in Bethesda, Maryland.

The stock traded at US$138.32 at 2:38 pm ET on June 29, down 0.27% from its previous closing price. The MAR stock fell 15.39% YTD.

The market cap of the company is US$45.25 billion, the P/E ratio is 30.66, and the forward one-year P/E ratio is 23.15. Its EPS is US$4.51.

The stock touched a peak price of US$195.90 and the lowest price of US$127.23 in the last 52 weeks. Its share volume on June 28 was 2,241,569.

The company reported total revenue of US$4.19 billion in Q1, FY22, representing an increase of 81% YoY. Its net income was US$377 million, or US$1.14 per diluted share, against a loss of US$11 million, or US$0.03 per diluted share, in Q1, FY21.

Walt Disney Company (NYSE: DIS)

The Walt Disney Company is a mass media and entertainment company. It operates theme parks globally. The company is based in Burbank, California.

The shares of the company traded at US$95.53 at 2:45 pm ET on June 29, down 0.41% from their closing price of June 28. Its stock value plunged 38.81% YTD.

The firm has a market cap of US$174.24 billion, a P/E ratio of 65.97, and a forward one-year P/E ratio of 24.04. Its EPS is US$1.45.

The 52-week highest and lowest stock prices were US$187.58 and US$92.01, respectively. Its trading volume was 16,838,240 on June 28.

The company reported a revenue of US$19.24 billion in Q2, FY22, up 23% YoY. Its net income was US$597 million, as compared to US$1.11 billion in the year-ago quarter.

Delta Air lines, Inc. (NYSE: DAL)

Delta Air lines is one of the major US airlines based in Atlanta, Georgia.

The stock traded at US$29.56 at 2:58 pm ET on June 29, down 2.54% from its previous closing price. The DAL stock declined 24.72% YTD.

The market cap of the company is US$18.96 billion, the P/E ratio is 37.45, and the forward one-year P/E ratio is 10.64. Its EPS is US$0.79.

The stock’s highest price was US$46.27, and the lowest price was US$28.76 in the last 52 weeks. Its share volume on June 28 was 14,375,290.

The company will report its second-quarter fiscal 2022 financial results on July 13, 2022.

Meanwhile, in the first quarter of fiscal 2022, the company's total operating revenue was US$9.34 billion, while its net loss came in at US$940 million.

Top travel stocks: BKNG, MAR, DIS, DAL, WYNN

Wynn Resorts, Limited (NASDAQ: WYNN)

Wynn Resorts is a leading hospitality company that operates resorts featuring luxury rooms, retail stores, and entertainment avenues. It is based in Las Vegas, Nevada.

The shares traded at US$57.54 at 3:03 pm ET on June 29, down by 3.31% from their closing price of June 28. Its stock value ticked down 32.2% YTD.

The firm has a market cap of US$6.67 billion, and a forward one-year P/E ratio of -20.52. Its EPS is US$-5.73.

The 52-week highest and lowest stock prices were US$125.17 and US$50.20, respectively. Its trading volume was 5,288,885 on June 28.

The company reported a revenue of US$953.33 million in Q1, FY22, as compared to US$736.68 million in the same quarter of the previous year. Its net loss came in at US$254.61 million, versus US$336.17 million in Q1, FY21.

Bottom line:

This year, the US market has been volatile amid inflationary and interest rate concerns. The Dow Jones Travel & Tourism index slumped 37.78% YTD while decreasing 35.17% QTD. Amid the topsy-turvy market, investors should exercise due diligence before spending on stocks.

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