Let's get through this week, month, year… by dreaming of getaways.
As a surprise to no one, according to Google, people are in vacation planning mode.
By the numbers: Google shared this data in their latest earnings call. The anticipated summer travel boom could contribute $2 trillion to the GDP this year.
- Queries for beaches and islands surged 27% (compared to pre-pandemic 2019)
- Searches for vacation rentals up 37%
- Renewing passports? Up 80%
- Researching travel insurance also doubled.
It's a sunny outlook. Delta and United Airlines had positive forecasts in their 2nd quarter earnings, and big names in hotels, Marriot and Hilton are trading near record highs (even as the rest of the market is being dragged down by tech).
Royal Caribbean Cruise Line $RCL floated to the top of my picks this week – here's the play: Buy 1 $80 call, Sell 1 $90 call, Sell 1 $65 put, Exp 12/16/22
72.9% Win probability
Make up to 18.8% (30.9% annualized)
20% cushion
Breakeven $63.01
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