Travel Stocks on the Rise: Structural Change Makes the Tourism Industry More Resilient!

The travel industry is experiencing a renaissance that goes far beyond a cyclical recovery. While many investors still view travel stocks as highly cyclical, a fundamental shift is emerging. The pandemic has permanently changed consumer behavior: Experiences are now valued more highly than material goods. Aviation: new hierarchy after Covid The structural change is particularly visible in the aviation industry. The traditional hierarchy between low-cost and premium airlines has been completely reversed. Delta Air Lines (DAL) and United Airlines...