ALPS Global Travel Beneficiaries ETF

JRNY

Market cap $6.47M

DENVER , Sept. 10, 2024 /PRNewswire/ -- SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced that the ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY) (the "Fund") will close to new investors on October 16, 2024 and liquidate on October 18, 2024.

Amid amplified concerns that the U.S. economy is slowing and that the Federal Reserve was too slow to lower interest rates (it hasn't as of yet), some travel stocks are slumping. Those declines make sense because consumer cyclical names are often pinched in sluggish economic environments.

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.

From the summer of 2020 to early 2021, passenger traffic improved, but it wasn't until the summer of 2021 that activity levels approached anything even close to normal. By last summer, passenger traffic had largely returned to its pre-Covid range, and this summer, we've seen traffic trends regularly exceed their pre-Covid range.

Americans are willing to spend less this fourth of July amid sticky inflation but travel more than ever.

Even though July is almost here, it's not too late to reap the benefits of summer travel investments. New data from AAA projects that over 70 million people are expected to travel during the July 4 week.

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.

Memorial Day is Monday, May 27 and to many, that holiday marks the arrival of the summer travel season. Some data indicate that consumer confidence is retreating and that persistent inflation is a primary concern for many Americans.

The airline industry is facing a significant challenge that could impact travelers' wallets in the coming years: a shortage of commercial aircraft.

These ETF investing areas should see an uptick in business this Easter.