5 ETFs to Tap the Record-Breaking Thanksgiving Travel Rush [Yahoo! Finance Canada]
Themes Airlines ETF (AIRL)
Company Research
Source: Yahoo! Finance Canada
Increased travel demand should boost revenues and profitability of the travel and tourism industry players, thereby driving up share prices. Investors can tap this trend through ETFs that stand to profit big time from the upbeat Thanksgiving travel trend. As such, ETFMG Travel Tech ETF AWAY, Defiance Hotel, Airline, and Cruise ETF CRUZ, AdvisorShares Hotel ETF BEDZ, U.S. Global Jets ETF JETS and Themes Airlines ETF AIRL are intriguing picks. Solid Travel Trends Travel service provider American Automobile Association (AAA) expects 2024 to be the busiest Thanksgiving travel season in the United States. About 79.9 million people will travel 50 miles or more from home this Thanksgiving, up 1.7 million from last year. Of them, 71.74 million (up 1.8% year over year) will go on road trips, 5.84 million (up 2%) will fly and the remaining 2.28 million (up 9%) will travel by train, bus or cruise. However, travelers may face challenges due to weather conditions. Forecasters around the Un
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