Expedia (EXPE) Soaring on Investor Optimism Today the online travel […]
Travel Demand Continues to Rise (BKNG, EXPE)
April 8, 2022
After a 2 year hiatus, it's no surprise the consumer is ready to get back out there.
In fact, last week Carnival Cruise Line reported its biggest booking week in company history, driven by demand for luxury cruises.
LikeFolio's Travel trends are continuing to rise on a YoY basis -- with only road-tripping showing relative weakness.
Wonder why... (cough cough...gas prices...)
Take a look at this bar chart comparing some of the travel companies on our coverage list.
Notice that Booking Holdings is generating more momentum in Purchase Intent than Expedia Group...
Bottom line: Consumers are still traveling, despite perceived inflationary pressure.