Travel & Leisure ETFs Ready To Bloom In Spring

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With rapid COVID-19 vaccinations, a larger number of Americans are expected to travel this spring. The bouts of latest data coupled with positive news in the space indicate that travel demand is picking up.  

This is especially true considering the latest data from Transportation Security Administration, which shows that in the United States, more than one million passengers have consistently passed through a Transportation Security Administration (TSA) screening checkpoint in a day since mid-March. In fact, U.S. air travel set a pandemic-era record with more than 1.5 million people screened during the Easter weekend, a record since March 2020.

The announcement from the Centers for Disease Control and Prevention (CDC) that “those who are fully vaccinated against the coronavirus can safely travel in the U.S. without having to quarantine or get tested” also fueled optimism over travel demand. Per CDC, though fully vaccinated travelers are less likely to get and spread COVID-19, they must adhere to guidelines put in place by their travel destination such as potential testing requirements.

With enough supply of vaccines, President Joe Biden recently doubled the country’s coronavirus vaccination target to 200 million shots in his first 100 days in office. Biden has vowed to have enough vaccine supply to cover every American by the end of May. About 14% of the total U.S. population has been fully vaccinated, according to data from the Centers for Disease Control and Prevention. Over 130 million vaccine doses have been administered. Per NPR's vaccine tracker, 16.9% of the U.S. population is fully vaccinated, and 30% has had at least one dose. Researchers estimate that 70-85% of the country would need to have immunity for COVID-19 to stop spreading through communities.

According to data compiled by Bloomberg and The New York Times, the United States has vaccinated more people than any other country, with more than 40% of adults and 75% of more senior people having received at least one dose of COVID-19 vaccine. In total, the country has doled out more than 165 million doses as of Apr 4, and is most closely followed by China (138 million), the European Union (79 million), India (74.4 million), and the United Kingdom (36.6 million).

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