5 Travel Stocks to Buy Despite Recession Fears

3. Marriott International, Inc. (NASDAQ:MAR)

Number of Hedge Fund Holders: 52

Marriott International, Inc. (NASDAQ:MAR) is a Bethesda, Maryland-based operator, franchisor, and licensor of lodging services.

The company reported Q2 2022 results on August 2. Marriott International, Inc. (NASDAQ:MAR)  outperformed EPS estimates and gave a strong outlook on the demand for travel for the rest of the year. Marriott International, Inc. (NASDAQ:MAR) saw a 69.5% YoY increase in revenue to $5.34 billion and surpassed the analysts’ forecast of $4.96 billion. Meanwhile, the adjusted EPS of $1.80 was 23 cents higher than the consensus estimates. Marriott International, Inc.’s (NASDAQ:MAR)  RevPAR rose by 70.6% YoY and hovered above the pre-pandemic Q2 2019 levels.

CEO Anthony Capuano sees no weakness in traveling in Q3 2022. The increased bullishness on the outlook of the travel sector caused Marriott International, Inc. (NASDAQ:MAR) to raise its 2022 adjusted EPS guidance from $6.33 to $6.59. The revised guidance is 10% higher than analysts’ consensus.

As of Q1 2022, 52 funds held a stake in Marriott International, Inc. (NASDAQ:MAR).