The best stocks for the travel wave
Accommodation, bars, restaurants and leisure facilities are opening up everywhere: Millions of people finally want to go on vacation again. Many companies in tourism, aviation – and investors benefit from this.
DA huge thing is looming: The number of bookings for summer holidays is skyrocketing, the airlines are putting mothballed aircraft back into operation and expanding their flight schedules. And after months, Germany’s largest airport in Frankfurt is reopening a closed terminal and a runway that was previously used as an aircraft parking lot. Germany is facing a travel boom, and the situation is similar in other parts of the world.
Eurowings speaks of twice as many bookings compared to the first few months of the year, 150 new flights to the Mediterranean are being offered. One of the largest German travel agencies, DER Touristik, mentions 50 percent more bookings compared to the pre-crisis year 2019. “The cork is out of the bottle,” says Ingo Burmeister, head of Central Europe. The IT company Amadeus, through which many bookings are processed, already sees the highest booking numbers since February 2020 based on the March data. And the head of Frankfurt Airport expects significant growth in air traffic by July at the latest. The demand for new aircraft is also increasing again. The European manufacturer Airbus has announced an expansion of production.