Travel and tourism-related companies seem to be back in favor among investors once again due to widespread anticipation that people are going to travel extensively soon.
One of the stocks in the sector to have made significant gains in 2021 so far is that of Trivago NV – ADR (NASDAQ: TRVG), which has clocked gains of as big as 90%. While there has been no recent news about the company, it might be a good move on the part of investors to take a look at development from January this year. The company announced that it completed the acquisition of the German company WeekenGo GmbH. The acquisition also included the online portal weekend.com.
The online portal is engaged in providing travelers with weekend travel packages of an inspirational nature. The acquisition from Trivago indicates that the company is hopeful of the return to normalcy in the travel industry. If that happens, then it might be a good idea for investors to keep an eye on the Trivago stock.