This should be at the top of your list for best travel stocks to buy…
With 41% of the United States fully vaccinated against COVID-19, restrictions on public gatherings lifting, and the summer almost underway, people are ready to travel.
There were nearly two million who people passed through airport security checkpoints on May 30, a record during the pandemic.
There were also 37 million Americans expected to travel 50 miles or more during the Memorial Day weekend, an increase of 60% from the same time a year ago.
Expectedly, as America reopens, you’re seeing more lists of the best travel stocks to buy and the best tourism stocks to buy.
These lists look at the companies that will capitalize on the pent-up demand people had since being stuck in their homes. They want to get out and do the things they did pre-pandemic.
Those lists include stocks for everything from airlines to casinos to resorts to theme parks. But there’s one company that never makes any of these lists, even though it should because it is going to make folks a lot of money.
It’s in Las Vegas, which had 42.5 million visitors in 2019 and is now open at 100% capacity.
Because the management team of this company made sure this wasn’t just a storefront.
They made it a destination.
This company runs a complex that has been called the “Disneyland” of its industry. Just walking inside is an experience in and of itself, with a LED interactive floor, laser art, and aerial orb shows.
It even has a restaurant onsite with Mexican fare, pizza, and cocktails.
In terms of the numbers, it accounts for nearly 9% of all revenue in the state for the product that it sells. Despite being affected by fewer tourists visiting Las Vegas, this company still increased revenue by 10% from 2019 to 2020.
Things are going to be even better in 2021.
The company just reported revenue of $23.8 million, which would put it on track for $95.2 million by the end of the year. That would be a 35% increase.
Now, not everyone understands this opportunity like I do, so that’s why you aren’t seeing it pop up on the lists of the best travel stocks to buy.
When people visit Las Vegas, they want to try something new.
Being front and center of offering that new experience is Planet 13 Holdings Inc. (OTC: PLNHF), selling legal marijuana products.
It’s taken the approach of not just having products on the shelf and leaving people to figure things out. Its trained staff offers the same hospitality as other tourist attractions, making sure people have a positive experience.
The company sells everything from gummy edibles infused with CBD to vaping products to pre-rolled joints.
No matter what you’re looking for, you’re going to find it.
By also having the restaurant Trace Eatery + Spirits on-site, Planet 13 has created a must-visit spot for anyone interested in trying legal cannabis for the first time.
Again, they’ve created a full experience rather than just walking into a dispensary and leaving five minutes later.
The company calls this complex its “SuperStore,” and as you can see from the pictures from Planet 13’s Twitter account, that name is well deserved.
To start off, you’ll need a ticket to get in, creating the same excitement as walking into a theme park.
Then, you’re greeted with an inviting ambiance, with products stylishly featured.
After you get exactly what you’re looking for, you can stop off for pizza and cocktails in the onsite restaurant – Trece Eatery + Spirits.
With Planet 13 able to increase sales even without the usual tourist boom Vegas experiences each year, imagine what is going to happen with America reopening.
Sales were $70.5 million in 2020, up 10% from the first $63.6 million in 2019. And if the revenue from Q1 2021 is any indication, big things are in store for this company.
With $23.8 million in sales in the first quarter of this year, that puts the company on track for $95.2 million in sales.
That would be a 35% increase from 2020.
There’s also something else I want to share.
Planet 13 is expanding this business model. It is opening up a store in California, and it can follow the same plan that made it a success in Las Vegas.
So we’ll let everyone else buy airline stocks and hotel stocks.
You’ll be making bigger gains from this ultimate travel stock.
All the best,
Partner, RADD Capital
P.S. For those in NICI Membership, you can see our price target on Planet 13 here. If you are not but would like to learn more about how to receive our monthly recommendations, exclusive interviews, and best moneymaking advice, you can learn more here.
2 responses to “As America Reopens, This “Travel Stock” Will Make You the Most Money”
June 02 2021