7 travel stocks to buy just in time for beach season

Talk about pent-up demand. Travel, whether for business or pleasure, has been reduced by almost an inch of their life over the past year. But times are changing.

Nationally, travel is back to normal. People are ready to stay in hotels and resorts again. Crowds are no longer to be feared. People can mix with people again.

And that’s going to be a big boost for travel stocks. Many stocks have already registered big gains in anticipation. But some are now consolidating, waiting for the numbers to reflect their expected growth.

While some high-margin business trips may be the last to come back online due to teleconferencing and decentralized workspaces, school is over again this year and families are ready to hit the road.

The seven travel actions I have chosen here are best suited for truly enjoying the return of summer travel:

  • Boyd Gaming (NYSE:BYD)
  • by Bally (NYSE:BALY)
  • Canterbury Park (NASDAQ:CPHC)
  • Vail Hotels (NYSE:MTN)
  • Penn National Gaming (NASDAQ:PENN)
  • Travel + Leisure (NYSE:TNL)
  • Southwest Airlines (NYSE:LCV)

Travel Stock to Buy: Boyd Gaming (BYD)

Source: Maridav / Shutterstock, Inc.

Despite having a market cap of $ 7 billion, BYD probably isn’t a name that many people recognize as a Vegas brand, or even a national gambling resort brand. But BYD owns 28 gambling properties in 10 states, with 11 hotels and casinos in Las Vegas.

This means people don’t have to travel far to visit one of BYD’s properties. With resorts and casinos from Pennsylvania to Louisiana to Missouri, people who have played in the markets for the first time are likely to return to the tables again.

Like most travel stocks here, BYD had a big run last year, but it’s up 52% ​​year-to-date, so investors expect significant profit growth over the course of the year. of the year. It might seem a bit pricey, but it’s a good location for growth to happen.

Portfolio filing cabinet note: A

Bally (BALY)

Stock BALY The entrance to the Bally's Hotel on the Las Vegas Strip is illuminated at night.

Source: Ceri Breeze / Shutterstock.com

While BALY owns some of Las Vegas’ most iconic properties, it also owns properties across the United States, with digital sports books in the States as well.

In the age of mobility, digital betting was very useful when casinos and resorts were closed. And that helped generate working capital as properties reopened to limited capacity.

But now everything is back to normal and BALY is one of those travel stocks that investors see as an indicator for the gaming industry. In April, it announced it was issuing an additional $ 600 million in stocks, which reduced the stock’s performance this year. And a shortfall announced earlier this month has also kept BYD stock growth at around 16% year-to-date.

Now has been a good time to enter at a discount.

Portfolio filing cabinet category B

Travel Inventory to Buy: Canterbury Park (CPHC)

racehorse arriving first to the finish line in vintage style

Source: Olga_i via Shutterstock

If you’ve been lucky enough to see the Kentucky Derby or the Preakness this year, you know face-to-face horse racing is back. CPHC not only has a runway outside of the Twin Cities in Minnesota, it also has a casino.

While the summer heat in Las Vegas attracts many people, others prefer the cooler temperatures of Minnesota. Of course, CPHC also offers off track betting and digital games.

With a market cap of $ 66 million, this is a small stock, so it’s going to experience some volatility as institutional investors stay away from companies of this size. But the stock is up 19% year-to-date and is already posting solid earnings.

Portfolio filing cabinet category B

Vail Resorts (MTN)

Skis in the sun on top of a snow-capped mountain.

Source: Shutterstock

However, travel actions are not limited to play complexes. And MTN is proof of that.

Keep in mind that MTN isn’t just a mountain in a Colorado ski town. It operates 37 alpine resorts in three countries. And a lot of them are all over the United States

Admittedly, the winter has not been mild this year, but over the years, ski resorts have become 4-season destinations with plenty of activities when the skiing stops. And the resorts are in great places, so they’re valuable destinations too.

Up 23% year-to-date, there’s a lot of value in this overlooked travel stock.

Portfolio filing cabinet category B

Travel Stock to Buy: Penn National Gaming (PENN)

Penn (PENN) National Gaming logo on the website home page.

Source: Casimiro PT / Shutterstock.com

If you’ve ever been to a Hollywood casino then you’ve been to a PENN place. The company owns 43 casinos and racetracks in the United States and Canada.

While most of her properties are in towns and cities across the United States, in recent years she has purchased a few properties from BALY, including the famous Tropicana.

PENN also holds a significant position in Bar Stool Sports, a popular media organization. It has opened a mobile betting app that is currently available in Pennsylvania and plans to expand its base. This is an increasingly important industry for travel inventories like these as these revenues are reliable and high margin.

The stock has been stable since the start of the year as it consolidates from the big rally last year. Now is the right time to intervene.

Portfolio filing cabinet category B

Travel + Leisure (TNL)

an empty and sunny hotel room

Source: Shutterstock

While many people might recognize the name of his magazine cover, TNL is actually one of the best travel titles around. It currently defines itself as a leisure and membership travel company, with a portfolio of nearly 20 resort, travel club and lifestyle travel brands.

Given its reputation as a smart package travel companion, it makes perfect sense to create its own travel brands and deliver unique experiences to high-end consumers. They’re also a great demographic to own as they tend to have more price elasticity which helps margins.

With a market cap of $ 5 billion, it is not a powerhouse in the travel industry, but its unique position is where its value lies. TNL stock is up 47% year-to-date after beating first-quarter estimates in late April.

It’s going well now and when international travel opens up it’s going to shine.

Portfolio filing cabinet category B

Travel Stocks to Buy: Southwest Airlines (LUV)

a Southwest Airlines Jet (LUV) flying above the clouds

Source: Carlos E. Santa Maria / Shutterstock.com

Airline stocks may be the best indicator of the performance of travel stocks as a whole, because the more people who fly, the more people who travel.

Granted, there are other ways to travel, but the United States is a big country and the flight quickly gets you where you want to go. If the United States had a month-long vacation like in Europe, long car and train trips could steal market share. But for now, planes are winning.

And LUV has built its reputation as a low cost, quality people carrier that covers the US markets as well as the Caribbean. He cut costs by opening routes to secondary airports that had lower entry fees than larger ones. His ticker is for Love Field in Dallas, where he started his operations. Love was an alternative to the massive Dallas-Fort Worth airport where the major airlines dominated the gates.

Over the years it has become a big player in the industry as it keeps a close eye on nickel free efficiency and obscures its customers with fees.

The stock is up 37% year-to-date and is expected to grow rapidly.

Portfolio filing cabinet category B

As of the publication date, Louis Navellier has not taken any position on any stocks in this article. Louis Navellier did not have (directly or indirectly) any other position on the securities mentioned in this article.

The InvestorPlace research staff member primarily responsible for this article did not hold (directly or indirectly) any position in any of the securities mentioned in this article.

The opinions expressed in this article are those of the author, submitted to InvestorPlace.com Publication guidelines.

Louis Navellier, who has been called “one of the most important fund managers of our time”, broke the silence by this shocking ‘say it all’ video… Exposing one of the most shocking events in our country’s history… and the only move every American has to make today.


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