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July 4 travel is set to stay strong despite inflation and high gas prices. These ETFs could benefit from holiday spending trends.
AdvisorShares Hotel ETF (NYSEARCA:BEDZ - Get Free Report) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 290 shares, an increase of 491.8% from the November 30th total of 49 shares. Based on an average daily volume of 457 shares, the days-to-cover ratio
Lower gas prices and record travel could lift ETFs like JETS, BEDZ and EATZ during the July 4 holiday rush.
An optimistic travel outlook this holiday season and onward drive travel ETFs.
Thanksgiving travel is expected to touch new records. We highlight five ETFs to tap this trend.
Summer is halfway over, and travel demand remains high. TSA data points to a 2024 summer season that has so far been more active than 2023 and even prepandemic in 2019.
This Memorial Day holiday weekend is likely to see record-breaking travelers hitting the road and taking to the skies. According to travel service provider American Automobile Association, this summer travel season will be the busiest in nearly two decades.
Moderating inflation levels, rising expectations of the Fed cutting interest rates three times in 2024, projections for an increase in international travel and an uptick in global passenger traffic surpassing the pre-pandemic levels paint a favorable picture for the tourism industry.