U.S. Global Investors CEO highlights surging global travel demand

U.S. Global Investors CEO Frank Holmes reports that global travel demand remains exceptionally strong despite macroeconomic uncertainties and operational disruptions. This surge in travel is benefiting specific exchange-traded funds, notably the JETS ETF and the 7RIP ETF, which provides exposure to both cruise lines and airline stocks.

According to Holmes, the demand for air travel is so intense that airlines are placing passengers on waiting lists even when they attempt to use bonus points for upgrades. He also noted a significant psychological shift in consumer behavior following the pandemic, with travelers increasingly prioritizing experiences. This trend is reflected in the dramatic recovery of the cruise industry and rising prices for flights and hotels in destinations such as Japan and Europe.