Why Travel Stocks Were Soaring Today

Travel stocks, including Expedia (NASDAQ: EXPE), Tripadvisor (NASDAQ: TRIP), Hyatt Hotels (NYSE: H), and Marriott International (NASDAQ: MAR), were climbing today on enthusiasm about a broader economic recovery and new entrants in the race toward a vaccine.

A number of states continued to take steps to reopen their economies and Americans seemed eager to resume their normal lives as many were out and about during the holiday weekend. Internationally, major economies like Japan and the U.K. also moved toward reopening, showing that the global economy appears to be emerging from the worst of the COVID-19 pandemic.

Image source: Getty Images.

Source Fool.com