The US Global Jets ETF co-creator Frank Holmes says airports are packed again as travellers take advantage of easing restrictions, resulting in 'binge tourism'.
The Monthly JETS Market Report for July notes that Bloomberg reported that the UK is the hottest destination among European travellers seeking an escape after years of restricted movement.
And the US dropping the COVID-19 testing requirement for inbound travellers in June has also incentivised tourists.
Holmes said he expects the recovery to continue and doesn't believe that the much-anticipated global recession will be as severe as feared.