The open road is calling, but the Delta variant of COVID-19 has something to say, too. And that’s putting travel stocks in a sticky wicket.
Americans clearly want to travel. Hotel research group STR notes that by early August, average hotel occupancy had bounced back to roughly 64% – just about 9% below pre-pandemic figures, and a sharp improvement from the COVID lows. TSA data also shows that airline travel has remained swift, hovering just below 2 million passengers a day for much of the summer.
However, the highly contagious Delta variant has prevented the U.S. from bursting into a