This could be the busiest summer travel season in years.
The global airline industry, for example, is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels, says Business-Standard.com. Plus, “the number of travelers globally is set to hit historic levels, with 4.7 billion people expected to travel in 2024 compared with 4.5 billion in 2019.” All of which could help fuel considerable upside for airline stocks.
While we can always buy American Airlines (AAL), Southwest (LUV), or United Airlines (UAL), we can gain greater exposure to airlines, cruises, hotels, and even booking sites with ETFs. In fact, here are three you may want to consider.
Defiance Hotel Airline and Cruise ETF (CRUZ)
For one, we can take full advantage of the heavy demand for airlines, hotels, cruise lines, and even booking sites, with the CRUZ ETF, or the Defiance Hotel Airline and Cruise ETF. With an expense ratio of 0.45%, the ETF invests in hotels, airlines, cruise lines, and even booking sites. In fact, some of its top holdings include Carnival, Royal Caribbean, United Airlines, Southwest Airlines, Marriott, and Hilton.
ETFMG Travel Tech ETF (AWAY)
Or, take a look at the ETFMG Travel Tech ETF (AWAY). With an expense ratio of 0.75%, the ETF tracks the performance of technology companies that are working to usher in a new era of global travel and tourism, according to ETFMG.com. Some of its top holdings include Uber Technologies, Booking Holdings, Lyft, and Trip.com..
U.S. Global Jets ETF (JETS)
We can also look at the U.S. Global Jets ETF (JETS). With airline travel demand flying high, this is a great way to gain exposure to airlines. With an expense ratio of 0.60%, the ETF provides exposure to Delta, Southwest, American, United, and JetBlue.