Despite macroeconomic uncertainties, the travel industry’s prospects look promising, thanks to pent-up demand. Amid this backdrop, investors could watch travel stocks Cruises Ltd. (RCL), Carnival Corporation & plc (CCL), and Lindblad Expeditions Holdings, Inc. (LIND), which look poised to grow in the future.
Total travel spending in the US increased by 0.9% over June 2022 and was up 4.7% year-to-date through June 2023. Air travel demand surged 12% in June compared to the same month last year as we entered the busy summer travel season.
