
Omicron isn't hurting travel stocks. Here's why
CNN
Despite the Omicron variant of Covid-19, some travel restrictions and event cancellations, it seems many Americans are still getting ready to go away for the holidays — and planning much-needed vacations for 2022.
That's been great news for the beleaguered travel sector.
Shares of cruise line operators Carnival (CCL)and Norwegian (NCLH), online travel firms Expedia (EXPE) and Booking (BKNG) and casino/hotel companies Caesars (CZR) and MGM (MGM) have all surged between 6% and 12% in the past five days, making them among the top performers in the S&P 500.
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