5 Travel Stocks to Buy Despite Recession Fears

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In this article, we discuss the 5 travel stocks to buy despite recession fears. If you want to read our discussion on the travel industry outlook, go directly to “People Are Still Going to Travel”: 10 Travel Stocks to Buy Despite Recession Fears.

5. Royal Caribbean Cruises Ltd. (NYSE:RCL)

Number of Hedge Fund Holders: 36

Royal Caribbean Cruises Ltd. (NYSE:RCL) is the second biggest cruise line operator in the world, just behind Carnival Corporation & plc (NYSE:CCL).

Royal Caribbean Cruises Ltd. (NYSE:RCL) reported excellent Q2 2022 results as revenue and adjusted EBITDA surpassed consensus estimates. Furthermore, the management’s commentary reassured strong bookings for the quarter. Royal Caribbean Cruises Ltd. (NYSE:RCL) has also resumed giving guidance which reflects management’s anticipation of continuing recovery. The management has made it clear that it will not use the issuance of more shares as a tool to fulfill its funding needs.

On July 29, Daniel Politzer at Wells Fargo gave Royal Caribbean Cruises Ltd. (NYSE:RCL) stock an Overweight rating with a target price of $58. The analyst sees strong demand for leisure travel, but consumers can be expected to be price sensitive in 2023 due to macroeconomic concerns.

Sciencast Management increased its investment in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 517% in Q2 2022.

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