Traveling abroad used to be the choice for many people taking a
well-earned vacation, but in this economy, things have changed.
Nevertheless, the leisure industry is slowly taking on more
vacationers and the leisure related exchange traded fund (
) is reflecting the improvements in the industry.
According to a recent survey of travel agents, the top 10
destinations for American travelers this year are all in the United
writes Carl Kopp for Minyanville
. Top destinations include Orlando, Las Vegas and other big cities
that offer plenty to do.
Online booking companies saw a sharp decline as potential
travelers to Europe were deterred by problems caused by Iceland's
volcano and Greece's debt problems. The improved exchange rate on
the euro and the pound should draw American travelers in the
long-term, but right now, home is where the action is. [
Gaming ETF Could Be a Winner.
- Online-travel companies are anticipated to do better the
coming months as Americans schedule summer vacations. Priceline
) has reported that it nearly doubled earnings in the first
quarter, but the company is worried about current international
events. Expedia (NASDAQ:
) announced a 51% earnings increase last month.
- Big hotel names are reporting signs of accelerated growth.
Hotel prices have been slashed since 2008 by about 14% in the
United States and 10% abroad.
- Airliners may be losing out on the money-conscientious summer
vacationer that will be traveling by car, but airline companies
are making up the money with increased business from business
travelers who are flying on corporate credit. U.S. Airways (NYSE:
) reported revenues were up 35% in the first quarter, Delta
) stated that sales were up 61% year-over-year and American
) said corporate travel has almost returned to 2008 levels. [
Airline ETF Gets Off the Ground.
For more information the leisure industry, visit our
leisure & entertainment category
PowerShares Dynamic Leisure & Entertainment
Claymore/NYSE Arca Airline (NYSEArca:
Max Chen contributed to this article.