Stocks · Theme
Travel & leisure stocks · 26 research notes
26 Travel & leisure stocks moving on the same story, each with a dated research note: thesis, kill line and next catalyst.
Active themeStage: maturing, as of 15 November 2026.
All 26 have a dated research note with a published kill line: the note's own test, stated in advance, of what would prove it wrong: a price level, a business fact, or both.
All stocksALGTAllegiant TravelMedium Allegiant Travel Company is modestly more likely to beat the S&P 500 over three months as fares outrun fuel; its 7 December 2026 investor day shows whether 2027 targets back the above-$6.00 2026 earnings guide.CHDNChurchill DownsMedium Churchill Downs' growing Kentucky machine profit, record third quarter and $750 million buyback outweigh its shrinking Virginia machine revenue; monthly state figures and the fourth-quarter report expected around 25 February 2027 decide…INNSummit Hotel PropertiesMedium Summit Hotel Properties looks modestly more likely than not to beat the S&P 500: it raised 2026 guidance again on 3 November 2026 and October RevPAR rose about 5.5%. The late-February 2027 report shows whether fourth-quarter growth held…LINDLindblad Expeditions HoldingsMedium Lindblad Expeditions' shares are modestly more likely than not to beat the S&P 500 as 91% occupancy, 6% higher pricing and record 2027 bookings lift profit. The fourth-quarter report and 2027 outlook, expected around late February 2027,…RCLRoyal Caribbean GroupMedium Royal Caribbean Group's third-quarter beat, raised 2026 outlook and rising analyst targets give the shares a modestly better-than-even chance of beating the S&P 500, despite heavy director selling in November 2026. The fourth-quarter…AALAmerican Airlines GroupLow American Airlines shares are more likely to lag the S&P 500 over three months because jet fuel near $4.70 a gallon is consuming record revenue; the fourth-quarter report, expected in late January 2027, shows whether the guided loss of…DISWalt DisneyLow The Walt Disney Company's shares look more likely to trail the S&P 500 than lead it, because a 14.2% three-month gain already prices in parks, streaming and cost-cut gains. The 17 November 2026 fiscal Q4 report shows whether fiscal 2027…OSWOneSpaWorld HoldingsLow OneSpaWorld, the spa operator on most large cruise ships, raised 2026 guidance but its shares already trade near analysts' targets and are more likely to lag the S&P 500; Carnival's December outlook and the late-February report decide it.ULCCFrontier Group HoldingsLow Frontier Group Holdings (Frontier Airlines) shares are more likely to lag the S&P 500: a $7.70 close on 12 November 2026 sits above most post-report targets as officers sold stock. The early-2027 fourth-quarter report settles whether…ABNBAirbnbMedium Airbnb's faster third-quarter growth, raised 2026 outlook and $12 billion buyback give its shares a modest edge over the S&P 500; fourth-quarter revenue against the $3.22–$3.28 billion guide, due around mid-February 2027, settles it.CCLCarnivalMedium Carnival's record 2027 bookings, investment-grade balance sheet and a retreat in crude oil make the shares modestly more likely to beat the S&P 500 over three months; the fourth-quarter report, expected around 18 December 2026, settles it.CLDTChatham Lodging TrustMedium Chatham Lodging Trust's raised 2026 earnings outlook, driven by Silicon Valley business travel, gives its shares a modest edge over the S&P 500. First 2027 guidance, expected around late February 2027, shows whether the gains outlast easy…MCSMarcusMedium The Marcus Corporation's shares are modestly more likely to beat the S&P 500 over three months, because theatre attendance rose 16.8% in the fiscal third quarter; the 18 December 2026 Avengers: Doomsday release and the late-February fiscal…NCLHNorwegian Cruise Line HoldingsMedium Norwegian Cruise Line Holdings beat third-quarter guidance and raised its 2026 outlook on 29 October 2026, with 2027 net yield guided up 1% to 2%; first-half 2027 bookings, still behind last year, decide whether that holds.PKPark Hotels & ResortsMedium Park Hotels & Resorts is modestly more likely than not to beat the S&P 500 over three months: demand is outrunning about $30 million a year of extra interest cost. The fourth-quarter report and first 2027 guidance, expected around 19…VACMarriott Vacations WorldwideMedium Marriott Vacations Worldwide is modestly more likely to beat the S&P 500 over three months: third-quarter contract sales rose 29% and 2026 guidance was raised. The 9 December 2026 investor day and the fourth-quarter report in about…ALKAlaska Air GroupLow Alaska Air Group's shares are more likely to lag the S&P 500 over three months: a jet fuel bill has erased 2026 earnings, and the fourth-quarter report, guided at a $2.00 to $2.50 adjusted loss per share, settles whether 2027 repair is…BKNGBooking HoldingsLow Booking Holdings is more likely to lag the S&P 500 over three months because it guided fourth-quarter room-night growth down to 1%–3% with flat adjusted EBITDA. The fourth-quarter report, expected in late February 2027, shows whether…FOURShift4 PaymentsLow Shift4 Payments' growth recovery stalled on 5 November 2026 (organic growth 9%, guidance cut again), so the shares are more likely to lag the S&P 500; the early-2027 fourth-quarter report decides whether record cash flow and buybacks carry…HTZHertz Global HoldingsLow Hertz Global Holdings is more likely to lag the S&P 500: its best operating quarter in three years left $17.9 billion of debt ahead of shareholders, and the 1 December 2026 bond maturity and any extension terms decide whether the equity is…JBLUJetBlue AirwaysLow JetBlue Airways is more likely to lag the S&P 500: lenders holding about 55% of its 2031 bonds and first-lien loan signed a cooperation pact on 11 November 2026, and $8.4 billion of debt meets $4.64-a-gallon fuel; financing news or…MGMMGM Resorts InternationalLow MGM Resorts International is more likely to lag the S&P 500 over three months: third-quarter adjusted EBITDA fell to $403 million from $506 million. The Nevada October gaming report in late November tests management's claim of an October…MMYTMakeMyTripLow MakeMyTrip's shares rebounded to $51.60 on 10 November 2026 with no new results; 20.9% constant-currency bookings growth sits against a 2.5% revenue rise and falling air demand, and the late-January 2027 report settles it.NAVNNavanLow Navan's shares are more likely to lag the S&P 500 than lead it over three months: they closed at $26.20 on 12 November 2026, 15.2% below the August high, with no new results since September. The fiscal third-quarter report, expected around…STUBStubHub HoldingsLow StubHub Holdings is likely to lag the S&P 500: third-quarter margins jumped and debt fell, but sales grew only 7% and analysts cut targets after the 10 November 2026 report. The fourth-quarter report in early 2027 settles whether the…TRIPTripAdvisorLow Tripadvisor's shares are more likely to lag the S&P 500 over three months: third-quarter revenue fell 11%, both segments shrank and the CEO and CFO are leaving. Use of the $741.0 million TheFork proceeds and the CFO's 31 December 2026 exit…