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Thanks to solid progress on the vaccination front and pent-up demand for travel and tourism, the travel industry witnessed a slight uptick earlier this year. But the rapid spread of the COVID-19 Delta variant is expected to impact travel demand significantly in the near term. However, several developments by ABNB and IHG should help them benefit in the long run. In fact, the global travel and tourism market is expected to grow at 3.1% CAGR to reach $8.9 trillion by 2026.
In terms of their past month’s performance, ABNB is a winner with 9.3% price gains versus IHG’s negative returns. But, which of these stocks is a better pick now? Let’s find out.
