3 Travel Stocks to Buy Now: Q2 Edition

Group 1: Travel Industry Insights - The concept of revenge travel may be fading, but consumers still value vacation hours, indicating potential for travel stocks [1] - A Deloitte report suggests a shift in travel preferences, with travelers likely to spend more on in-destination experiences and lodging [1] - Expenditure data shows consumers are still willing to spend, making it a favorable time to consider travel stocks [1] Group 2: Hilton (HLT) - Hilton operates in the lodging industry through management, franchising, ownership, and leasing of hotels and resorts [2] - HLT faces competition from the sharing economy, particularly Airbnb, which may be losing appeal due to negative user experiences [2] - Analysts have a consensus moderate buy rating for HLT with a price target of $213.91, indicating about 8% upside potential [2] Group 3: United Airlines (UAL) - United Airlines is positioned to benefit from a potential increase in travel sentiment, with its stock currently discounted compared to pre-pandemic levels [4][5] - The company has shown strong financial performance, with an average earnings surprise of 31.45% over the last four quarters [5] - Analysts project revenue of $57.39 billion for fiscal 2024, a 6.8% increase from the previous year, with a high-side target of $58.33 billion [5] Group 4: Uber (UBER) - Uber is a major player in the travel sector, expanding beyond ride-sharing into food delivery and shipping [6] - The ride-sharing service offers growth opportunities, especially for travelers in non-English speaking countries [6] - Analysts forecast EPS of $1.28 for the current fiscal year, with projected sales of $40.79 billion, reflecting a growth rate of 16.2% [7]