Top travel & hospitality stocks to keep an eye on in August

The travel and hospitality industry was one of the hardest-hit sectors with the coronavirus outbreak last year. The companies in this industry were severely impacted in 2020 as borders were closed and people mostly stayed at home.

However, with increasing vaccination and easing restrictions, hopes are high for the travel companies on recovering their lost business.

Here, we explore some of the travel and hospitality stocks listed in the US as people look to hit the roads again.

Airbnb Inc. (NASDAQ: ABNB)

The San Francisco-based company provides vacation rentals through its online marketplace. Airbnb became public on NASDAQ in December 2020 and currently has a market cap of US$89.60 billion. Its stock is down 0.83 percent year to date. The shares traded between US$121.50 and US$219.94 in the last 52 weeks.

In the March quarter, the company reported a 5 percent year-over-year growth in its revenue to US$887 million as bookings increased with more people getting vaccinated. Gross booking value surged 52 percent to US$10.3 billion. Net loss totaled US$1.17 billion.

READ MORE: Banking on Banks: Five hot bank stocks based on earnings to explore

Booking Holdings (NASDAQ: BKNG)

Booking Holdings is an online travel company that facilitates travel reservations. The company owns six brands, which includes Booking.com, Priceline, Agoda, Rentalcars.com, KAYAK and OpenTable.

Booking Holdings’ market cap totals US$89.50 billion. The stock lost 2.53 percent year to date. During the last one year, its shares were trading in the range of US$1,589 to US$2,516.

The Connecticut-based company’s revenue halved to US$1.14 billion in its first quarter year over year and reported a net loss of US$55 million, up from a US$ 699 million loss in the year-ago period.

Source: Pixabay

READ MORE: Seven blue-chip stocks that investors are watching right now

TripAdvisor, Inc. (NASDAQ: TRIP)

TripAdvisor’s online travel platform provides reviews and price comparisons on hotels, flights and cruises, as well as reservations at hotels.

The Massachusetts-based company has a market capitalization of US$5.30 billion. Its stock returned 33 percent year to date. The shares have a 52-week trading range of US$18.24 to US$64.95.

In its first quarter, TripAdvisor saw its revenue decline 56 percent year over year to US$123 million and net loss swell to US$80 million from US$16 million loss in the same quarter the previous year.

United Airlines Holdings Inc. (NASDAQ: UAL)

This Chicago-based holdings company operates United Airlines, which is one of the top airlines in the United States. It transports people and cargo across North America, Asia, Europe, Africa, the Middle East and Latin America. The company recently announced its plans to buy of 270 new Boeing and Airbus aircraft.

United Airlines currently has a market cap of US$15.03 billion. The stock gained 6.52 percent year to date. It traded between US$30.32 and US$63.70 in the last 52 weeks.

The company’s total operating revenue in the June quarter rose to US$5.47 billion from US$1.48 billion in the year-ago period. Net loss narrowed to US$434 million from US$1.63 billion in the second quarter of 2020. United Airlines expects to report positive adjusted pre-tax income in the third and fourth quarters.

READ MORE: Mining the Market: Check out these six metal stocks going bullish

Carnival Corporation & plc (NYSE: CCL, CUK)

Carnival Corp & Plc is one of the top cruise operators in the world with nine cruise lines: Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, P&O Cruises (Australia), P&O Cruises (UK), Cunard, Costa Cruises and AIDA Cruises.

The Florida-based company’s market capitalization totals US$25 billion. Its stock declined 0.92 percent year to date. The shares were training in the range of US$12.11 to US$31.52 in the last one year.

In its fiscal second quarter ended May, Carnival’s net loss reduced significantly to US$2.07 billion from US$4.37 billion loss in the year-ago period. Booking volumes for all future cruises grew 45 percent from the previous quarter.

Marriott International (NASDAQ: MAR)

The Maryland-based hotel operator owns a number of popular brands including JW Marriott, The Ritz-Carlton, Le Méridien, Sheraton and Westin. It had 5,493 franchised and licensed properties with 837,912 rooms at the end of 2020.

Marriott has a market capitalization of US$47.04 billion. The stock is up 9.82 percent year to date. Its shares have a 52-week trading range of US$81.30 to US$159.98.

The company generated US$2.32 billion in total revenue during its first quarter, down from US$4.68 billion in the same quarter of 2020. Net loss came in at US$11 million in the three months, compared with the net income of US$31 million in the year-ago period.

Source: Pixabay

READ MORE: Which are the popular food and beverage stocks on Wall Street?

Las Vegas Sands Corp. (NYSE: LVS)

The Nevada-based company operates casinos and resorts in Asia and the United States.

Las Vegas Sands’ market capitalization totals US$31.84 billion. Its stock declined 30 percent this year. The shares were trading between US$41.61 and US$66.77 in the last one-year period.

In its second quarter, Las Vegas Sands saw its net revenue jump to US$1.17 billion from US$62 million in the year-ago quarter. Net loss from continuing operations fell to US$280 million from US$841 million.

READ MORE: Top mid-cap consumer stocks to watch on Wall Street


Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

The reference data in this article has been partly sourced from Refinitiv.

Comment


Disclaimer