Insights

Travel & leisure initiation

Travel & Leisure equity research analyst Lena Thakkar recently initiated coverage of the travel sector with an overview of trends and a close look at six companies.

The note looks at three themes:

  • Travel distribution landscape – which is moving incredibly fast: The report looks at the business models of owners, tour operators, OTAs and meta search and how they all fit together, as well as the new technology affecting them.
  • Marketing side of travel: The report has a detailed analysis on paid and free search for our companies and looks at interesting data from Hitwise.
  • Three new/fast growing players – easyJet Holidays, Loveholidays and OYO Rooms: These companies could challenge current players in the market.

The report looks at travel verticals relating to these themes: Package holidays, Budget hotels, Hostels and Rail.

Coverage of six industry stocks was initiated, including Dart Group, Hostelworld and Trainline (all Buy), Tui Group (Hold), On the Beach and Whitbread (both Sell).

For more information, contact Lena Thakkar, below.

 

Lena Thakkar

Consumer - Travel & Leisure