One particular business segment that has excited Wall Street is the vacation industry. Research by the non-profit United States Travel Association shows that the tourism, travel, and vacation industry lost more than $500 billion in spending through 2020 compared to the previous year because of the coronavirus pandemic. For example, The Walt Disney Company, which operates perhaps the famous theme parks in the world, has said it plans to open Disneyland and Disney Adventure by the end of this month. These parks have been closed for a year and brought in more than 30% of revenue for The Walt Disney Company in 2019. Lindblad Expedition, a travel firm that operates from New York, seems to have captured the spirit of the cultural capital of the world and is offering vacation-goers the opportunity to do something exciting this year through far-flung destination tours and adventure travel to get rid of the lockdown blues.
Here is Insider Monkey’s list of the 12 best vacation stocks to buy now. Comcast Corporation is a Pennsylvania-based technology company with a diverse business portfolio that includes interests in theme parks, internet-related services, broadcast television, and telecommunication services. Comcast Corporation stock soared more than 3% on April 29 as the firm announced quarterly earnings and reported that Peacock, a digital streaming service owned by the firm, had hit more than 42 million subscribers. The Walt Disney Company is a Burbank-based media and entertainment company that also has significant stakes in the theme park and hotel industry. The firm owns and runs several television channels, including Disney, ESPN, Freeform, and National Geographic. Alphabet is recognized for its ownership of search engine Google. The company is also benefitting from the recent rise in digital ad spending. UBER is a California-based technology firm that primarily runs a ride-hailing business but has in recent years diversified business to food delivery and autonomous vehicle production. Uber Technologies, Inc. announced on April 28 that users could book Uber rides for vaccine appointments in the United States. Southwest Airlines offers international travel to Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba. The firm has an extensive digital presence and also provides a mobile application for travel assistance. The tickets for Delta flights can be obtained from a variety of third-party vendors, travel agents, as well as the company’s website. The coronavirus crisis has pummeled aircraft carriers as lockdown restrictions keep people from international travel, but things have been looking up as the virus vaccine allows for a return to normality. The firm offers all these services under brand names, including the option to rent cars, compare vacation packages and cruise options, and also get travel insurance. More details are in 12 Best Vacation Stocks to Buy Now.
