Oct 06, 2021 (StockMarket.com via COMTEX) -- Are These The Best Travel Stocks To Buy In October 2021 Watchlist?
While investors focus on the losses among tech stocks today, travel stocks should not be overlooked. After all, the industry would be among the spaces in the stock marketto benefit in a post-pandemic world. Sure, the economic reopening is not taking place as smoothly as anticipated. However, global vaccination efforts have and continue to make substantial progress allowing for a gradual return to normalcy, nonetheless. As such, investors willing to bet on the travel industry in the long haul would be watching travel stocks now.
Notably, companies like Carnival ( NYSE: CCL ) and Delta Air ( NYSE: DAL ) remain hard at work as well. On one hand, Carnival, a leading name in the cruise industry is ushering in the return of cruises. As of yesterday, the company is looking to resume voyages to Jamaica from October through April 2022. Before that, Carnival also recently added a second cruise to Greenland after its first planned voyage sold out in 24 hours. This would highlight the demand for travel that continues to build amidst the pandemic. On the other hand, airline operators like Delta Air are seeing a rise in air travel figures. According to the company, ticket sales are stabilizing and it remains on track to meet its third-quarter revenue forecasts. All in all, could this make one of these top travel stocks in the stock market today worth buying?
Top Travel Stocks To Watch This Week
Walt Disney Company ( NYSE: DIS )
Airbnb Inc. ( NASDAQ: ABNB )
American Airlines Group Inc. ( NASDAQ: AAL )
Wynn Resorts Ltd. ( NASDAQ: WYNN )
Expedia Group Inc. ( NASDAQ: EXPE )
The Walt Disney Company
The Walt Disney Company is a multinational entertainment and media conglomerate with headquarters in California. The company's Disney Parks, Experiences, and Products include its theme parks, cruise lines, travel-related assets, and consumer products. Pre-pandemic, it has hosted over 150 million guests annually, making Disney Parks one of the world's most visited theme park companies worldwide. DIS stock has enjoyed gains of over 40% in the past year.
In August, the company reported its third-quarter financials. Notably, its revenues for the quarter were a whopping $17.02 billion, up by 45% compared to a year earlier. Disney also posted a diluted earnings per share of $1.02 compared to a loss of $1.17 in the year prior.
The company also says that it continues to introduce new experiences at its parks and resorts worldwide, along with new guest-centric services. Furthermore, its direct-to-consumer business is also performing very well, with a total of nearly 174 million subscriptions across Disney+, ESPN+, and Hulu. Given this piece of news, is DIS stock worth adding to your portfolio right now?
Following that, we have Airbnb, an online marketplace for homestays and rentals. Impressively, it has grown to 4 million Hosts that have welcomed more than 900 million guest arrivals across over 220 countries and regions. The company has benefited from the adaptability of its business model and it continues to focus on driving product innovations to meet the changing needs of its guests and to live with the pandemic.