MESA - Travel and leisure stocks rally as demand trends stay solid

Leisure-focused airline stocks are big gainers after booking trends are reported to have stabilized in the U.S. Hawaiian Holdings (HA +5.6%), SkyWest (SKYW +5.5%) and Mesa Airlines (MESA +3.8%) are the biggest advancers in mid-day trading. Hotel stocks are also higher on some optimism that the worst-fear COVID scenarios for the fall may not come to pass. Marriott International (MAR +3.3%), Hyatt Hotels (H +2.7%), Hilton Worldwide HLT and InterContinental Hotels Group (IHG +1.7%) are all notably higher. Baird thinks investors are looking ahead. "The near-term trajectory of the recovery has flattened; however, investors appear to have priced in near-term downside scenarios, in our opinion, and they continue to look to 2022 and 2023 when the broader travel environment should be more normal versus today," writes analyst Michael Bellisario. Theme park stocks Six Flags Entertainment (SIX +3.8%) and SeaWorld Entertainment (SEAS +2.7%) are also rallying on the same sentiment, while

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Travel and leisure stocks rally as demand trends stay solid