Despite macroeconomic uncertainties, the travel industry’s prospects look promising, thanks to pent-up demand. Therefore, it could be wise for investors to buy fundamentally sound travel stock Bluegreen Vacations Holding Corporation (BVH) now. However, I think it would be wise to wait for a better entry point in Airbnb, Inc. (ABNB).
Total travel spending in the US increased by 1.2% over July 2022 and was up 4.1% year-to-date through July 2023. Air travel demand surged 12% in July compared to the same month last year.
