Travel

Cambridge Investment Research Advisors Inc. Purchases 212 Shares of Travel + Leisure Co. (NYSE:TNL)

By Steven I. Green 45 mins ago

Cambridge Investment Research Advisors Inc. lifted its stake in Travel + Leisure Co. (NYSE:TNL) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,160 shares of the company’s stock after purchasing an additional 212 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Travel + Leisure were worth $281,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TNL. Advisor Group Holdings Inc. lifted its position in shares of Travel + Leisure by 4.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 7,494 shares of the company’s stock worth $446,000 after purchasing an additional 340 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Travel + Leisure by 48.6% in the 2nd quarter. Envestnet Asset Management

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Alexandria Nominated For Travel + Leisure’s World’s Best Cities

By Steven I. Green 4 days ago

ALEXANDRIA, VA — Alexandria is no stranger to travel destination rankings, as it has again made the list of Condé Nast Traveler’s Best Small Cities. Now the city is nominated for Travel + Leisure’s World’s Best Cities category.

Visit Alexandria leverages national rankings to promote the city as a destination amid COVID-19 pandemic recovery. The pandemic particularly hit Alexandria’s hotel, retail and restaurant sectors hard, and revenues haven’t fully recovered. While sales revenue has increased in fiscal years 2020 and 2021, restaurant tax receipts in 2021 didn’t quite recover to the 2019 level, and lodging tax receipts fell in 2020 and 2021.

Travel + Leisure’s 2022 World’s Best Awards asks readers to rate their favorite travel experiences. In the cities category, readers can vote for Alexandria by rating it as “excellent” across nine categories. Other nominations in Alexandria include Alexandrian, Hyatt Centric Old Town and Morrison House in

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Travel, Leisure Stocks Could Be Consumer Cyclical Value Ideas

By Steven I. Green 6 days ago

As the Omicron strain of the coronavirus pandemic spreads at a seemingly unrelenting pace, some investors are growing apprehensive regarding travel and leisure equities.

jrny 1yr

Those concerns could eventually give way to opportunities with assets such as the ALPS Global Travel Beneficiaries ETF (NYSEARCA: JRNY). The consumer cyclical sector, which is home to many JRNY components, is coming off a strong fourth quarter, prompting some concern that the sector is overvalued.

The group is “trading at a median 3% premium to our fair value estimates. Despite this, valuations in the space have become more attractive, with 30% of stocks in the sector trading in 4- or 5-star territory (a marked improvement from 16% three months ago),” says Morningstar analyst Erin Lash. “In this context, we think travel and leisure is ripe for investment, as we don’t expect rising case counts will permanently depress consumers’ desire to travel.”

JRNY, which

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Travel & Leisure stocks edge lower following new UK restrictions By Investing.com

By Steven I. Green 1 month ago

© Reuters.

By Samuel Indyk

Investing.com – The sub-index edged lower on Thursday following the announcement of new COVID restrictions by the UK government after market on Wednesday.

UK Prime Minister Boris Johnson delivered a press conference where he outlined new measures to attempt to slow the spread of COVID-19 and particularly the new Omicron variant.

The key measures announced by Johnson include guidance to work from home, a new mask mandate in most indoor public venues (including cinemas), and the need for the NHS COVID pass for places where large crowds gather. The COVID pass will be required at unseated indoor venues with more than 500 people, unseated outdoor venues with more than 4,000 people and any venue with more than 10,000 people.

Two doses of any approved vaccine or a negative lateral flow test would be sufficient for entry under the new rules.

“The page has been turned

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