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Governments worldwide are reinstating lockdowns and travel restrictions to limit the spread of the highly transmissible omicron variant of coronavirus. However, most travel companies have been witnessing solid leisure and business travel demand. Moreover, as more people get vaccinated, travel companies should see increasing demand for their services. According to a Technavio report, the travel market is expected to grow at a CAGR of 13.9% from 2021 to 2026. Therefore, both EXPE and TCOM should benefit.
EXPE has gained 12.2% over the past three months, while TCOM has delivered negative returns over this period. Moreover, EXPE is the clear winner with 26.1% gains versus TCOM’s negative returns in terms of the past year’s performance.
