Time to Book Some Travel Stocks

Many travel companies will revive and even thrive, so take advantage of some exceptional bargains.

photo of airliner on taxiway
(Image credit: Getty Images)

With people staying home for safety, the travel sector has been devastated by the COVID pandemic. As of late November, Americans could not vacation in European Union countries, Japan or Canada even if they wanted to. The Centers for Disease Control and Prevention issued a seven-month no-sail order for cruise lines; hotels are operating at less than half-occupancy; and American Airlines, the world’s largest air carrier, reported that third-quarter revenues were down 73% compared with the same period in 2019.

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James K. Glassman
Contributing Columnist, Kiplinger's Personal Finance
James K. Glassman is a visiting fellow at the American Enterprise Institute. His most recent book is Safety Net: The Strategy for De-Risking Your Investments in a Time of Turbulence.