Travel and tourism are two things that many people worldwide missed immensely while being forced to stay at home due to the pandemic. There is no doubt that the travel industry has suffered significant economic damage over the past year. However, with vaccination drives progressing worldwide and the outlook turning optimistic, there seems to be hope for businesses that deal with travel and other related services. Booking Holdings is one of the leading online travel service companies. It has a business presence in over 220 countries. Therefore, if you are an investor looking to play on the economy re-opening theme, then Booking Holdings is one of the top travel stocks to invest in right now. As people begin making plans for the upcoming summer 2021 season, Booking Holdings could benefit.
More Information About Booking Holdings
Booking Holdings is the parent company for travel brands like KAYAK, Priceline, Booking.com, and Agoda. These platforms are among the most popular for booking air tickets, hotels, and accommodations. Booking Holdings also owns OpenTable and Rentalcars.com. So, the company allows investors to leverage the re-opening of restaurants and food establishments as well. Booking Holdings is headquartered in Connecticut, where it was founded in 1997 by Jay Walker. Its first brand was priceline.com which offered users a chance to name their price for bookings via an innovative bidding model. The company eventually went public in 1999 and has since made several acquisitions. As a result, it is among the top choices for investors looking to buy best travel stock.
Travel Stocks To Invest In Right Now
Booking Holdings’ stock trades on the Nasdaq stock exchange under the ticker symbol BKNG. The last traded price was $2324 on 10th June 2021. The stock isn’t far from its 52-week high of $2516. The 52-week low is $1532, while the company does not currently pay any dividends. Booking Holdings was up 3.4% over the preceding month.