<p>随着世界在后疫情时代继续怀着新的热情拥抱旅行，旅游业在 2024 年剩余时间内有望实现显著增长。随着八月的到来，一些投资者可能担心最佳机会已经被抢占。然而，许多顶级旅游股仍然价格吸引人，受持续的 “复仇旅行” 现象推动，该现象在疫情之后迅速兴起，并且没有放缓的迹象。</p>
<p>尽管存在不稳定的汇率和不同的支付能力趋势等挑战，但人们对旅行的需求似乎比以往任何时候都更强烈。根据七月份公布的最新数据，<strong>万事达卡</strong>（NYSE:<strong>MA</strong>）表示，2024 年的旅游业正在创造记录。事实上，全球邮轮和航空业过去 10 天中有 9 天创下了支出记录。强劲的劳动力市场和对更长假期的渴望推动了旅行活动的激增，并为旅游股创造了有利的环境。</p>
<p>随着旅游热潮持续，我们将探讨三家有望受益于这一持久趋势的旅游股。这些公司提供强大的投资案例，展示了强劲的增长前景和相当有吸引力的估值。</p>
<h2>Booking Holdings（BKGN）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>图片来源：Denys Prykhodov / Shutterstock.com</p>
<p><strong>Booking Holdings</strong>（NASDAQ:<strong>BKNG</strong>）作为全球领先的在线旅行和预订服务提供商，处于利用当前旅行激增的完美位置。凭借其领先的在线平台组合，如 Booking.com、Kayak、Agoda、OpenTable、Rentalcars.com 和 Priceline.com，该公司近几个季度的收入和利润均实现了令人印象深刻的增长。</p>
<p>此外，Booking 的商业模式依赖于收取高利润的预订费，这使其具有高度可扩展的盈利能力。这在公司的调整后每股收益中得以体现，该指标在第一季度增长了 76%，第二季度增长了 11%，这两个数字均远远超过了收入增长。最后，在经历最近的下跌后，Booking 股票现在的前瞻市盈率低于 20，我认为这是一个极具吸引力的倍数，考虑到其潜在的增长前景。</p>
<p>去年，Booking 的营收飙升了 25%，达到了创纪录的 214 亿美元。这种强劲表现延续到了 2024 年。在第一季度，Booking 报告了 17% 的营收增长，达到 44 亿美元，在第二季度，增长了 7%，达到 59 亿美元——这两者都创下了各自季度的记录。这样稳健的业绩清楚地突显了 Booking 在蓬勃发展的旅游业背景下蓬勃发展的能力，使其成为值得购买的旅游股之一。</p>
<h2>Airbnb（ABNB）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>图片来源：BigTunaOnline / Shutterstock.com</p>
<p>与 Booking 类似，<strong>Airbnb</strong>（NASDAQ:<strong>ABNB</strong>）像少数其他公司一样乘风破浪，抓住了当前旅游热潮。作为点对点住宿租赁和体验预订领域的领先者，尽管偶尔面临监管挑战，Airbnb 在该领域内不断创造增长业绩。公司在该领域的独特地位以及在其平台内持续创新，使 Airbnb 成为寻求在旅游业中获得曝光的人必不可少的股票。</p>
<p>为了说明其持续的势头，可以看一下 Airbnb 在疫情后的表现：今年第一季度，公司的营收同比增长了 18%，达到 21.4 亿美元。这是继去年第一季度增长 20% 之后，又一次出色的业绩，而去年第一季度的增长又是在 2022 年第一季度 70% 的增长之后。旅行者对独特住宿和当地体验的需求激增，而尽管竞争对手试图进入该领域，Airbnb 似乎是该领域无可匹敌的领导者。</p>
<p>展望未来，Airbnb 的前景看起来光明。共识估计显示，其营收增长约为 10.2%，我认为这是一个相当保守的数字。无论如何，Airbnb 应该看到相当强劲的自由现金流增长，这最终将推动其看涨案例。为了更好地理解，Airbnb 的第一季度自由现金流率达到了 89%。这样高的自由现金流转化率不仅会增加股权价值，还将使股东获得可观的现金回报。因此，我认为 Airbnb 是当今最具吸引力的旅游股之一。</p>
<h2>希尔顿全球控股（HLT）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>图片来源：josefkubes / Shutterstock.com</p>
<p><strong>希尔顿全球控股</strong>（NYSE:<strong>HLT</strong>）是另一家在持续行业繁荣中占据完美位置的顶级旅游股。正如我之前提到的，Airbnb 在吸引旅行者方面表现出色，提供独特住宿，但仍有一大市场适合那些喜欢传统酒店舒适和豪华的人。正如前面提到的 Booking 的最新业绩部分说明的那样。</p>
<p>作为酒店业的领先参与者，希尔顿通过提供舒适和高档位置的混合吸引了寻求顶级设施的旅行者。公司最近的第一季度业绩展示了市场类别的需求依然强劲。收入增长了 12.2%，达到了 25.7 亿美元，这得益于其特许经营和许可费部门的增长，这要归功于其品牌下酒店数量的增加和入住率的提高。</p>
<p>但我真的很喜欢希尔顿的股票，因为该公司拥有高效的商业模式。希尔顿拥有大部分的 7626 家物业，约 120 万间客房都是特许经营，使得运营更加高效。这些好处在第一季度已经有所体现，调整后的每股收益增长了 23.4%，达到 1.53 美元，明显超过了营收增长。从当前旅游行业的趋势来看，希尔顿很可能在今年余下的时间里继续保持强劲增长，使其成为一个值得考虑的旅游股票。</p>
<p>_在发布日期，Nikolaos Sismanis 持有 ABNB 的多头头寸。本文表达的观点属于作者个人，遵守 InvestorPlace.com 的发布准则。</p>
<p>_在发布日期，负责编辑在本文提到的证券中没有（直接或间接）任何持仓。</p>
<p>Nikolaos Sismanis 是一位拥有五年股票研究和财务建模经验的专业研究分析师。Nikolaos 撰写了超过 1000 篇股票相关文章，重点关注发掘深度价值机会，识别合理估值的成长股，并关注被忽视的国际股票。</p>
<p>消费者自由裁量权，旅游</p>

爱彼迎

希尔顿全球

休闲娱乐 ETF - PowerShares

<p>旅游行业预计在 2024 年将迎来显著增长，许多旅游股仍然价格吸引人。Booking Holdings、爱彼迎和希尔顿全球控股是三家旅游股，它们有望从这一趋势中受益。Booking 在营收和利润方面均实现了令人印象深刻的增长，前瞻市盈率低于 20。爱彼迎是点对点住宿租赁和体验预订领域的领先者，营收增长强劲，自由现金流利润率高。希尔顿全球控股也已经很好地定位自己，以从行业繁荣中获利</p>

<p>As the world continues to embrace travel with renewed vigor in the post-pandemic era, the industry is poised for significant growth throughout the remainder of 2024. With August already here, some investors may worry that the best opportunities have already been seized. However, many of the top travel stocks remain attractively priced, buoyed by the persistent “revenge travel” phenomenon that took off after the pandemic and shows no signs of slowing down.</p>
<div class="lb-trans"><p>随着世界在后疫情时代继续怀着新的热情拥抱旅行，旅游业在 2024 年剩余时间内有望实现显著增长。随着八月的到来，一些投资者可能担心最佳机会已经被抢占。然而，许多顶级旅游股仍然价格吸引人，受持续的 “复仇旅行” 现象推动，该现象在疫情之后迅速兴起，并且没有放缓的迹象。</p>
</div><p>Despite challenges such as unstable exchange rates and varying affordability trends, the appetite for travel appears stronger than ever. According to recent data from <strong>Mastercard</strong> (NYSE:<strong>MA</strong>), shared in July, the travel industry in 2024 is breaking records. In fact, nine of the past 10 record-breaking spending days in the global cruise and airline industry have happened this year alone. A robust labor market and a rising desire for longer vacations fuel surging travel activity and create a favorable environment for travel stocks.</p>
<div class="lb-trans"><p>尽管存在不稳定的汇率和不同的支付能力趋势等挑战，但人们对旅行的需求似乎比以往任何时候都更强烈。根据七月份公布的最新数据，<strong>万事达卡</strong>（NYSE:<strong>MA</strong>）表示，2024 年的旅游业正在创造记录。事实上，全球邮轮和航空业过去 10 天中有 9 天创下了支出记录。强劲的劳动力市场和对更长假期的渴望推动了旅行活动的激增，并为旅游股创造了有利的环境。</p>
</div><p>As the travel boom continues, we’ll explore three travel stocks that are poised to benefit from this enduring trend. These names offer strong investment cases, displaying robust growth prospects and rather attractive valuations.</p>
<div class="lb-trans"><p>随着旅游热潮持续，我们将探讨三家有望受益于这一持久趋势的旅游股。这些公司提供强大的投资案例，展示了强劲的增长前景和相当有吸引力的估值。</p>
</div><h2>Booking Holdings (BKGN)</h2>
<div class="lb-trans"><h2>Booking Holdings（BKGN）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Denys Prykhodov / Shutterstock.com</p>
<div class="lb-trans"><p>图片来源：Denys Prykhodov / Shutterstock.com</p>
</div><p>As a premier global online travel and reservation service provider, <strong>Booking Holdings</strong> (NASDAQ:<strong>BKNG</strong>) stands at a perfect position to capitalize on the current travel surge. With its top-tier portfolio of leading online outlets such as Booking.com, Kayak, Agoda, OpenTable, Rentalcars.com and Priceline.com, the company has seen impressive growth in both revenues and profits in recent quarters.</p>
<div class="lb-trans"><p><strong>Booking Holdings</strong>（NASDAQ:<strong>BKNG</strong>）作为全球领先的在线旅行和预订服务提供商，处于利用当前旅行激增的完美位置。凭借其领先的在线平台组合，如 Booking.com、Kayak、Agoda、OpenTable、Rentalcars.com 和 Priceline.com，该公司近几个季度的收入和利润均实现了令人印象深刻的增长。</p>
</div><p>Moreover, Booking’s business model, which relies on collecting high-margin booking fees, allows for highly scalable profitability. This is evident in the company’s adjusted earnings per share, which surged by 76% in Q1 and by 11% in Q2, both figures exceeding revenue growth by a wide margin. Finally, following its recent dip, Booking stock now hovers at a forward P/E below 20, which I find to be an extremely attractive multiple given its underlying growth prospects.</p>
<div class="lb-trans"><p>此外，Booking 的商业模式依赖于收取高利润的预订费，这使其具有高度可扩展的盈利能力。这在公司的调整后每股收益中得以体现，该指标在第一季度增长了 76%，第二季度增长了 11%，这两个数字均远远超过了收入增长。最后，在经历最近的下跌后，Booking 股票现在的前瞻市盈率低于 20，我认为这是一个极具吸引力的倍数，考虑到其潜在的增长前景。</p>
</div><p>For context, last year, Booking’s revenues soared by 25%, reaching a record $21.4 billion. This strong performance has continued into 2024. In Q1, Booking reported a 17% revenue growth, amounting to $4.4 billion, and in Q2, a 7% increase to $5.9 billion—both setting records for their respective quarters. Such solid results clearly highlight Booking’s ability to thrive on the back of a flourishing travel industry and make it one of the travel stocks to buy.</p>
<div class="lb-trans"><p>去年，Booking 的营收飙升了 25%，达到了创纪录的 214 亿美元。这种强劲表现延续到了 2024 年。在第一季度，Booking 报告了 17% 的营收增长，达到 44 亿美元，在第二季度，增长了 7%，达到 59 亿美元——这两者都创下了各自季度的记录。这样稳健的业绩清楚地突显了 Booking 在蓬勃发展的旅游业背景下蓬勃发展的能力，使其成为值得购买的旅游股之一。</p>
</div><h2>Airbnb (ABNB)</h2>
<div class="lb-trans"><h2>Airbnb（ABNB）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: BigTunaOnline / Shutterstock.com</p>
<div class="lb-trans"><p>图片来源：BigTunaOnline / Shutterstock.com</p>
</div><p>Much like Booking, <strong>Airbnb</strong> (NASDAQ:<strong>ABNB</strong>) surfs the wave of the current travel boom like few others. As the leading player in peer-to-peer accommodation rentals and experience bookings, Airbnb has consistently impressed with its growing results despite facing occasional regulatory challenges. The company’s unique position in the space and continuous innovation within its platform make Airbnb a must-have stock for those seeking exposure in the travel industry.</p>
<div class="lb-trans"><p>与 Booking 类似，<strong>Airbnb</strong>（NASDAQ:<strong>ABNB</strong>）像少数其他公司一样乘风破浪，抓住了当前旅游热潮。作为点对点住宿租赁和体验预订领域的领先者，尽管偶尔面临监管挑战，Airbnb 在该领域内不断创造增长业绩。公司在该领域的独特地位以及在其平台内持续创新，使 Airbnb 成为寻求在旅游业中获得曝光的人必不可少的股票。</p>
</div><p>To illustrate its ongoing momentum, consider Airbnb’s performance post-pandemic: the company’s revenues grew by 18% year-over-year in Q1 of this year, reaching $2.14 billion. This follows last year’s 20% Q1 growth, which, in turn, followed an impressive 70% growth in Q1 2022. Demand for unique accommodations and local experiences has soared among travelers, and Airbnb seems to be the unrivaled leader in this space despite competitors’ attempts to break in.</p>
<div class="lb-trans"><p>为了说明其持续的势头，可以看一下 Airbnb 在疫情后的表现：今年第一季度，公司的营收同比增长了 18%，达到 21.4 亿美元。这是继去年第一季度增长 20% 之后，又一次出色的业绩，而去年第一季度的增长又是在 2022 年第一季度 70% 的增长之后。旅行者对独特住宿和当地体验的需求激增，而尽管竞争对手试图进入该领域，Airbnb 似乎是该领域无可匹敌的领导者。</p>
</div><p>Looking forward, Airbnb’s prospects seem bright. Consensus estimates see revenue growth of about 10.2%, which I find to be a rather conservative figure. In any case, Airbnb should see considerably stronger free cash flow growth, which is what should ultimately drive its bullish case. For context, Airbnb’s free cash flow margin hit 89% in Q1. Such a high free cash flow conversation should not only build equity value but also enable substantial cash returns to shareholders. Thus, I see Airbnb as one of the most compelling travel stocks to buy these days.</p>
<div class="lb-trans"><p>展望未来，Airbnb 的前景看起来光明。共识估计显示，其营收增长约为 10.2%，我认为这是一个相当保守的数字。无论如何，Airbnb 应该看到相当强劲的自由现金流增长，这最终将推动其看涨案例。为了更好地理解，Airbnb 的第一季度自由现金流率达到了 89%。这样高的自由现金流转化率不仅会增加股权价值，还将使股东获得可观的现金回报。因此，我认为 Airbnb 是当今最具吸引力的旅游股之一。</p>
</div><h2>Hilton Worldwide Holdings (HLT)</h2>
<div class="lb-trans"><h2>希尔顿全球控股（HLT）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: josefkubes / Shutterstock.com</p>
<div class="lb-trans"><p>图片来源：josefkubes / Shutterstock.com</p>
</div><p><strong>Hilton Worldwide Holdings</strong> (NYSE:<strong>HLT</strong>) stands out as another top travel stock that has taken a perfect position to capitalize on the ongoing industry boom. While I mentioned that Airbnb does great when it comes to attracting travelers with its unique accommodations, a significant market remains for those who prefer the comfort and luxury of traditional hotels. Booking’s recent results, as mentioned earlier, partially illustrate this.</p>
<div class="lb-trans"><p><strong>希尔顿全球控股</strong>（NYSE:<strong>HLT</strong>）是另一家在持续行业繁荣中占据完美位置的顶级旅游股。正如我之前提到的，Airbnb 在吸引旅行者方面表现出色，提供独特住宿，但仍有一大市场适合那些喜欢传统酒店舒适和豪华的人。正如前面提到的 Booking 的最新业绩部分说明的那样。</p>
</div><p>As a leading player in the hotel industry, Hilton caters exceptionally well to the premium market segment by offering a blend of comfort and upscale locations that appeals to travelers seeking top-notch amenities. The company’s most recent Q1 results showcased the fact that demand in the market category is as strong as ever. Revenues increased 12.2% to $2.57 billion, driven by growth in its franchise and licensing fees division, thanks to an increase in the number of hotels under its brands and improved occupancy rates.</p>
<div class="lb-trans"><p>作为酒店业的领先参与者，希尔顿通过提供舒适和高档位置的混合吸引了寻求顶级设施的旅行者。公司最近的第一季度业绩展示了市场类别的需求依然强劲。收入增长了 12.2%，达到了 25.7 亿美元，这得益于其特许经营和许可费部门的增长，这要归功于其品牌下酒店数量的增加和入住率的提高。</p>
</div><p>But I really love Hilton stock because of the company’s efficient business model. With most of its 7,626 properties—housing about 1.2 million rooms—being franchised, Hilton has streamlined operations for maximum efficiency. These benefits were somewhat visible in Q1, with adjusted EPS growing by 23.4% to $1.53, significantly outperforming the top-line growth. From the look of current trends in the travel industry, it’s likely Hilton will keep experiencing strong growth throughout the rest of the year, making it a compelling travel stock to consider today.</p>
<div class="lb-trans"><p>但我真的很喜欢希尔顿的股票，因为该公司拥有高效的商业模式。希尔顿拥有大部分的 7626 家物业，约 120 万间客房都是特许经营，使得运营更加高效。这些好处在第一季度已经有所体现，调整后的每股收益增长了 23.4%，达到 1.53 美元，明显超过了营收增长。从当前旅游行业的趋势来看，希尔顿很可能在今年余下的时间里继续保持强劲增长，使其成为一个值得考虑的旅游股票。</p>
</div><p><em>On the date of publication, Nikolaos Sismanis held a long position in ABNB. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>
<div class="lb-trans"><p>_在发布日期，Nikolaos Sismanis 持有 ABNB 的多头头寸。本文表达的观点属于作者个人，遵守 InvestorPlace.com 的发布准则。</p>
</div><p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div class="lb-trans"><p>_在发布日期，负责编辑在本文提到的证券中没有（直接或间接）任何持仓。</p>
</div><p>Nikolaos Sismanis is a professional research analyst with five years of experience in the field of equity research and financial modeling. Nikolaos has authored over 1,000 stock-related articles that focus on uncovering deep value opportunities, identifying growth stocks at reasonable valuations, and shining a spotlight on overlooked international equities.</p>
<div class="lb-trans"><p>Nikolaos Sismanis 是一位拥有五年股票研究和财务建模经验的专业研究分析师。Nikolaos 撰写了超过 1000 篇股票相关文章，重点关注发掘深度价值机会，识别合理估值的成长股，并关注被忽视的国际股票。</p>
</div><p>Consumer Discretionary, Travel</p>
<div class="lb-trans"><p>消费者自由裁量权，旅游</p>
</div>

2024 年夏季值得购买的三大旅游股票