WGO - 2 Top Travel Stocks to Buy Now
The worldwide COVID-19 pandemic created a "new normal" for the travel industry, and it looks like that's the way it will stay for a long time. Normal now involves extensive social distancing, deep-cleaning protocols, and loss of amenities, such as spas. This is a crushing blow for many travel-industry companies but is benefiting others.
Extended Stay America (NASDAQ: STAY) and Winnebago Industries (NYSE: WGO) are two companies that are benefiting more each day as consumers figure out ways to get out of the house to travel while still maintaining healthy circumstances. Investors recognizing the changing travel trends will benefit along with them.
Extended Stay America is emerging as a COVID-19-era hotel of choice for America. The company hasn't had to close down or make radical operational changes during the pandemic because its basic operating value proposition has always offered social distancing to customers. Occupancy during the pandemic has generally stayed above 60%, as many first responders were housed there, while the hotel industry in general saw occupancy fall to 20%.