5 Best Vacation Stocks To Buy Now

2. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 93     

Booking Holdings Inc. (NASDAQ:BKNG) provides travel and restaurant online reservation and related services. It is one of the premier travel stocks to buy according to hedge funds. Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Booking Holdings Inc. (NASDAQ:BKNG), with 761,500 shares worth more than $1.3 billion.

In its Q2 2022 investor letter, L1 Capital International, an asset management firm, highlighted a few stocks and Booking Holdings Inc. (NASDAQ:BKNG) was one of them. Here is what the fund said: 

“We have been increasing our investment in Booking Holdings Inc. (NASDAQ:BKNG) which now lies on the edge of the top 10 holdings. The investment thesis for Booking, the world’s largest online travel agent (OTA), was outlined in our inaugural June 2019 Quarterly Report. Back then, no-one could have envisaged the subsequent disruption to the travel industry caused by COVID-19. Today the world, outside of China, has adjusted to COVID-19 and life has largely returned to normal. Travel is rapidly normalising with domestic travel ahead of 2019 levels and international travel recovering strongly (see Figure 9)” (…read more)