The US Transportation Security Administration has more than 10 million travelers on the July 4th holiday weekendbut a different story is emerging overseas.
Parts of Asia, Europe and Australia have new bans and travel restrictions thanks to the rapidly spreading delta variant of the coronavirus. This could make the travel industry’s comeback more difficult in the second half of the year.
CNBCs “Trading nation“Asked his dealers for their top travel tips to protect themselves against this risk.
“In a situation like this, you want to be more diversified, so I would stay away from the hotels and many cruises,” said Delano Saporu, founder of New Street Advisors, on Tuesday. “Look more for the point of source, a booking platform.”
“I like TripAdvisor here for several reasons. First, the first point of contact for people and second, diversifying their businesses, right? So they have the experience and the food, they have different areas where they can have a source of income,” said Saporu.
TripAdvisor is up nearly 40% this year. On Tuesday it was down 2%.
Ari Wald, head of technical analysis at Oppenheimer, also said it pays to be selective in this area.
“What is equally important to us is how these stocks behave in the down cycle, not just when the trade is working. The trading is not working right now. And we like that Hilton was able to keep up with the upward trend and hold its own much better if the company and the industry are trading lower, “said Wald during the same segment.