Friday, July 5, 2013

5 Stocks Set to Soar This Summer: PCLN, EXPE, AWAY, TRIP, TZOO

Ah, summertime, and the virtual traveling is easy.

Indeed, booking your getaway has never been easier: It’s just a few clicks away, what with all the travel websites competing for your business.

But there’s also money to be made from travel websites if you know how to invest in them.

With fierce competition for U.S. travelers, travel websites have increasingly taken on a more global approach, expanding their businesses or establishing partnerships in Europe and the Asia-Pacific.

eMarketer says online travel sales are expected to increase 15% to $91 billion this year, and per-capita consumer spending is expected to increase about 37% in the next seven years.

Internet penetration remains low in Asia compared with Europe and the United States, but is growing rapidly, paving the way for travel sites’ push into the region.  (more)

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