United, Delta among stocks to catch comeback of business travel, Barron’s says

Corporate travel may finally be back in business, unlocking higher profit margins for airlines and hotel companies and a much-needed revenue boost for the next few months, typically a slow season for leisure travel, Callum Keown writes in this week’s edition of Barron’s. The larger, more corporate-exposed airlines, such as Delta Air Lines (DAL) and United Airlines Holdings (UAL) could get a boost, but the sector is battling myriad capacity issues that cloud the picture. Hotel chains such as Hilton Worldwide Holdings (HLT) and Marriott International (MAR) are also potential beneficiaries, particularly if larger corporations, which have lagged behind smaller businesses in travel spending, boost budgets into 2024, the author notes.