eToro analysis found travel-related stocks have delivered strong gains, with an equal-weighted basket up 17% over the past year, 108% over three years and 124% over five years, suggesting demand for trips remains resilient despite cost-of-living pressures. Cruise operators and online booking platforms led longer-term returns, with Royal Caribbean up 360% over three years and Expedia up 132%, while performance diverged across the sector as Airbnb and EasyJet lagged, indicating investors are becoming more selective.

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