5 Best Travel Stocks To Buy Right Now

4. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 63

Airbnb, Inc. (NASDAQ:ABNB) owns and runs an online travel platform. Flexible work arrangements and an increase in international travel due to the easing of virus restrictions will likely help the firm register a strong recovery this year. The company is leading the alternative accommodations market already with six million active listings and over four million hosts across 100,000 cities globally. The company has also pledged to offer more than 100,000 refugees of the Ukraine war with free lodging. 

On April 19, Citi analyst Ronald Josey upgraded Airbnb, Inc. (NASDAQ:ABNB) stock to Buy from Neutral with a price target of $200, identifying the firm as a leader in the travel sector that continues to “innovate with newer products and services”. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Airbnb, Inc. (NASDAQ:ABNB) with 2.5 million shares worth more than $421 million.

In its Q3 2021 investor letter, Tollymore Investment Partners, an asset management firm, highlighted a few stocks and Airbnb, Inc. (NASDAQ:ABNB) was one of them. Here is what the fund said:

“Today disruptors are not typically seeking to replace incumbents entirely. Rather, they break the links in the customer journey, in doing so better aligning monetisation with value creation and minimising externalities. For example, Airbnb, Inc. (NASDAQ:ABNB) broke the link between staying in residential property and owning it. Airbnb, Inc. (NASDAQ:ABNB) is a specific example of a business model innovation which separated asset use from ownership. This is hardly a novel idea; it’s called renting. Rental models lend themselves to assets which are expensive and durable, and where usage is infrequent.”