MarketBeat’s stock screener tool has highlighted five travel-related stocks to keep an eye on: Alibaba Group, HWH International, SoFi Technologies, Costco Wholesale, and Affirm. These companies, although diverse in their primary operations, are all somehow intertwined with the travel industry, providing various products and services that cater to travelers or are engaged in travel-related ventures.
Alibaba Group, primarily known as an e-commerce giant, has significant investments in the travel sector through its subsidiary, Fliggy, which offers travel booking services in China. This positions Alibaba to potentially benefit from the resurgence in travel as pandemic restrictions ease globally. Similarly, HWH International, a company not as widely known, is involved in providing hospitality solutions, an essential component of the travel experience.
SoFi Technologies, primarily a financial services company, has expanded its offerings to include travel-related financial products, such as travel loans, to meet the growing demand from consumers eager to explore post-pandemic. Meanwhile, Costco Wholesale, while primarily a retail giant, has a travel arm that offers exclusive travel deals to its members, thereby capitalizing on its large customer base.
Lastly, Affirm, a company specializing in buy-now, pay-later financing, has gained traction by offering flexible payment options for travel bookings. As consumers look for convenient ways to finance their travel plans, Affirm’s services have become increasingly popular. These companies, through their unique involvement in the travel industry, are poised to potentially benefit from the anticipated growth in the sector as global travel continues to rebound.