AdvisorShares Hotel ETF

BEDZ

Market cap $2.71M

Lower gas prices and record travel could lift ETFs like JETS, BEDZ and EATZ during the July 4 holiday rush.

An optimistic travel outlook this holiday season and onward drive travel ETFs.

Thanksgiving travel is expected to touch new records. We highlight five ETFs to tap this trend.

Summer is halfway over, and travel demand remains high. TSA data points to a 2024 summer season that has so far been more active than 2023 and even prepandemic in 2019.

This Memorial Day holiday weekend is likely to see record-breaking travelers hitting the road and taking to the skies. According to travel service provider American Automobile Association, this summer travel season will be the busiest in nearly two decades.

Moderating inflation levels, rising expectations of the Fed cutting interest rates three times in 2024, projections for an increase in international travel and an uptick in global passenger traffic surpassing the pre-pandemic levels paint a favorable picture for the tourism industry.

The travel industry is warming up for a year of recovery and growth, with a strong emphasis on sustainability and technological innovation.

With travel demand remaining robust, a higher number of Americans are gearing up for Thanksgiving travel this year. Airline companies expect record travel demand this Thanksgiving.

Investors seeking to cash in on big gains could consider ETFs from the areas likely to benefit from the Thanksgiving week.