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The travel industry is making a comeback from Covid-19. Stock prices are going along for the ride.
Consumers have flocked to the skies, after the worst of the pandemic essentially shuttered the travel industry. Shares of companies focused on travel are among the early winners of 2023. United Airlines Holdings Inc. and American Airlines Group Inc. have advanced 36% and 34%, respectively. Cruise operators Carnival Corp. and Royal Caribbean Group are up 46% and 38%. Expedia Group Inc. has risen 36%. Caesars Entertainment Inc. has advanced 32%, while Marriott International Inc. is up 17%.
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