5 Best Travel Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 58

Marriott International, Inc. (NASDAQ: MAR) is a Maryland-based hotel company. The properties that the firm runs include JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St. Regis, EDITION, Bulgari, Marriott Hotels, Sheraton, Delta Hotels, and Marriott Executive Apartments, among several others around the world. It has more than 7,000 operations under its control in more than 130 countries. It was founded in 1927 and is ranked second on our list of 10 best travel stocks to buy right now.

Marriott has a market cap of over $47 billion and posted an annual revenue of close to $2.2 billion in December 2020, down from more than $5 billion reported the year before. On February 22, investment bank Morgan Stanley improved the price target on Marriott stock to $123 from $120 as lockdown restrictions eased and the firm reported an increase in bookings at its establishments globally. The company operates one of the largest luxury hotel chains in the world and will stand to benefit from increased travel after the lockdown is lifted.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Eagle Capital Management is a leading shareholder in the firm with 12.4 million shares worth more than $1.6 billion.