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Last month, the U.S. government confirmed that existing travel restrictions would not be lifted in the near term. Thus, while the path to recovery for the travel industry was well underway, a significant upsurge in cases around the globe has changed that. Travel stocks, which are highly vulnerable to rising COVID-19 cases, are struggling to remain upbeat compared to other stocks.
Therefore, it is advisable to avoid travel-related stocks such as Booking Holdings Inc. (BKNG), Carnival Corporation & plc (CCL), Hyatt Hotels Corporation (H), and Spirit Airlines Inc. (SAVE), that are yet to gain enough strength to survive the industry headwinds.
