Travel ETF Report | April 2025

Travel ETF Key Takeaways

Growth in air travel is driven by increased seat capacity on existing routes and more unique routes, according to a March report by the IATA, with interregional seat capacity rising by 44% since 2014 and unique routes up by 30%. Notably, the Middle East has grown as a transfer hub, with seat capacity and routes expanding by 58% and 35%, respectively, partly due to the Russia-Ukraine conflict diverting traffic.

In 2024, 697,000 visitors from 43 countries were affected by U.S. travel restrictions, representing about 1.4% of total inbound travelers. While this is a small share of the overall travel, the decline in overseas air visitation compared to pre-pandemic levels could further impact U.S. tourism. This is particularly relevant now with Trump’s reinstatement of travel bans, as it may deepen the gap in international travel recovery.

Macro Outlook

In late March, Jim Cramer – host of Mad Money – discussed the recent struggles in the travel sector and shared where he sees potential opportunities for investors. “At this point, so many high-quality stocks have come down so much that we’re bound to find some great buying opportunities.” Cramer goes on to highlight that for airlines specifically, falling oil prices could lead to significant savings on fuel costs.

Major companies like Airbnb, EasyJet, Southwest Airlines, and Marriott International are leading Europe’s travel market, benefiting from a surge in leisure travel and growing demand as restrictions ease. These companies, reports Travel and Tour World, are boosting tourism with innovative services, affordable travel options, and strong online booking platforms. As tourism rebounds, they are well-positioned to support Europe’s economic recovery and growth in the sector.

Sources available upon request. Please remember that when you invest in ETFs, your capital is at risk.

Travel ETF Performance
As of 31.08.2026

TRYP (Fund)
1M-3.63%
3M1.94%
6M-1.14%
YTD-0.83%
12M3.61%
3Y-
Since Inception (04/06/2021)26.18%
Please note that all performance figures are showing net data. Source: Bloomberg / HANetf. Data as of 31.08.2026

Performance before inception is based on back-tested data. Backtesting is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in this product. When you invest in ETFs and ETCs, your capital is at risk.

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