Although the COVID-19 Delta variant has marred the travel industry’s recovery, the rapid rollout of vaccines, easing of restrictions, and pent-up demand for travel ahead of the holiday season should help the industry return to its recovery track. In addition, since the stock market is bracing for a year-end rally, some travel stocks should gain significantly. Specifically, we think InterContinental Hotels (IHG), SkyWest (SKYW), and Mesa Air (MESA) are poised to deliver solid returns in the coming months. Read on.
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The travel and tourism market is expected to reach $924.28 billion by 2025, registering a 24.5% CAGR