Online travel company Trip Advisor (NASDAQ:TRIP) stock has fallen (-35%) this year. The travel sector was devastated by the pandemic as an epicenter industry. However, the reopening as unleashed much pent up demand with many airline carriers like American Airlines (NYSE:AAL) experiencing travel return back to pre-COVID levels. However, the popular travel site saw its shares peak at $64.95 on March 15, 202, and continue to slide towards its pandemic lows. Peers like Expedia (NASDAQ:EXPE) and Booking Holdings (NASDAQ:BKNG) are bottoming out, which may also be a sign for Trip Advisor shares to reverse course back up. Airbnb (NASDAQ:ABNB) stock has also attempted to put in a bottom. Travel and tourism is expected to surpass pre-pandemic levels by 6% in 2022 generating nearing $2 trillion. China loosening COVID quarantine restrictions helped to put a bottom in on travel stock. Unfortunately, the macroeconomic situation is making investors nervous with rising inflation, fuel costs, and interest rates. A recession can take the wind right out of the sales of the recovery as travelers rein in their discretionary spending. The Company installed a new CEO in July 2022 as the Company enters the business period of the travel season in the third quarter. Prudent investors seeking exposure in the online travel and entertainment segment can watch for opportunistic pullbacks in shares of Trip Advisor.
