With significant pent-up travel demand, stocks like Travel + Leisure Co. (TNL), Target Hospitality Corp. (TH), and InterContinental Hotels Group PLC (IHG) could be solid portfolio additions this September. Before delving into the fundamentals of these travel stocks, let’s first understand the industry landscape better.
Post-pandemic wanderlust has led international travel to reach around 90% of pre-pandemic levels this year, as per the International Air Transport Association. Moreover, according to travel tech firm Amadeus’ survey, 47% of respondents said international travel was a high-priority discretionary spending category for 2023 and 2024, underscoring robust travel demand for the following year.
