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Highlights
- Booking Holdings Inc. (NASDAQ:BKNG) revenue surged 77% YoY in Q3, FY21.
- Marriott International (NASDAQ:MAR) revenue rose 75% YoY in Q3, FY21.
- The MAR stock gave a return of more than 30% YTD.
The travel and tourism stocks have been catching attention despite uncertainties over the coronavirus pandemic. The relative ease in restrictions as compared to the first six months has raised expectations in the travel sector.
According to the US Travel Association, travel spending declined by over 40% YoY in 2020, in contrast to the sector’s average annual growth rate of 2% to 4% seen in the previous years.
Here we discuss two vacation stocks gaining investors' attention amid the holiday season.
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Booking Holdings Inc. (NASDAQ:BKNG)
Booking Holdings is a travel company based in Norwalk, Connecticut. It offers online reservations and other related services for travel and dining activities.
Its shares traded at US$2405.44 at 12:38 pm ET on Dec 23, up 0.85% from their previous close. Its stock value increased by 10.22% YTD. The firm has a market cap of US$98.53 billion, a P/E ratio of 261.95, and a forward P/E one year of 56.67. Its EPS is US$9.16.
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The 52-week highest and lowest stock prices were US$2,687.29 and US$1,860.73, respectively. Its trading volume was 328,619 on Dec 22.
The company's revenue increased by 77% YoY to US$4.67 billion in Q3, FY21. Its net income came in at US$769 million, or US$18.60 per diluted share, compared to US$801 million, or US$19.49 per diluted share in Q3, FY20.
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Marriott International (NASDAQ:MAR)
Marriott International is a Bethesda, Maryland-based company that operates, and franchises lodging, which includes hotels, residential, and other related properties.
Its shares were priced at US$164.18 at 12:44 pm ET on Dec 23, up 0.98% from their previous close. The stock rose 30.3% YTD.
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Its market cap is US$53.35 billion, the P/E ratio is 115.38, and the forward P/E one year is 56.06. Its EPS is US$1.42. The stock saw the highest price of US$171.68 and the lowest price of US$115.50 in the last 52 weeks. Its share volume on Dec 22 was 2,000,955.
The company's revenue jumped 75% YoY to US$3.94 billion in Q3, FY21. Its net income was US$220 million, or US$0.67 per diluted share, compared to US$100 million, or US$0.31 per diluted share in Q3, FY20.
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Bottomline
The travel and tourism sector saw muted growth this due to the pandemic. The Dow Jones US Travel and Tourism index was 1.79% YTD while increasing 8.99% MTD.
