The 3 best ASX travel stocks according to Stocks Down Under

Marc Kennis Marc Kennis, August 11, 2023

The trend of “revenge travel” isn’t slowing down, despite predictions of a downturn. Quite the contrary, travel now forms a significant portion of household budgets, showing up prominently in company share prices and market performance.

Our own Stuart Roberts says travel expenditures continue to constitute a crucial part of household budgets. He emphasizes the ongoing prosperity in the travel sector, using Airbnb’s latest figures as evidence. This data indicates an 11% YoY growth, demonstrating the industry’s resilience.

 

What are the Best ASX Travel stocks to invest in right now?

Check our buy/sell tips on the top ASX Travel stocks

As for the future of travel, Stuart looks toward potential stars like Flight Center (ASX:FLT) and SiteMinder (ASX:SDR), who are making waves in the industry. Additionally, he introduces Jayride (ASX:JAY) – a global aggregator for ride services linking airports with hotels, which Stuart perceives as a potential game-changer.

In spite of the pandemic’s challenges, he suggests numerous companies may still benefit from the ‘revenge travel’ trend. Stuart urges us to overlook negative conjecture around the financial health of the travel industry, alluding to the ongoing success seen in various companies’ share prices as counter evidence.

 

CHECK OUT STUART’S INTERVIEW ON AUSBIZ BELOW!

 

Stuart Roberts talking about the best ASX travel stocks on AusBiz

 

Recent Posts

wam capital

Here are 6 ASX stocks that helped WAM Capital beat the market by more than 5%

WAM Capital (ASX:WAM) is one of several Listed Investment Companies (LICs) operated by Wilson Asset Management. Wilson Asset Management is…

Reliance Worldwide

Reliance Worldwide (ASX:RWC): Plumbing supplies as a 4-decade high inflation hedge

Reliance Worldwide (ASX:RWC) is one of the best companies to hold amidst record-high inflation, in our view. As a plumbing supplies…

NVIDIA share price in 2024

The NVIDIA share price in 2024 may have much further to run!

The NVIDIA share price in 2024 … what’s  in store? NVIDIA reported stunning quarterly numbers on 22 February 2024 with…