10 Best Online Travel for February 2026
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Market Overview & Selection Criteria
The online travel sector has shown resilience amid evolving consumer behaviors, with companies leveraging digital platforms for bookings, accommodations, and experiences. Value Sense analysis highlights stocks trading significantly below their intrinsic values, selected based on high Quality ratings (above 5.8), strong ROIC, robust revenue growth, and positive free cash flow where available. These picks emphasize undervalued opportunities in a market projected for recovery, using machine learning-driven intrinsic value calculations and fundamental metrics like FCF margins and debt levels. Criteria prioritize companies with gross margins over 50%, revenue growth above 4%, and substantial upside to intrinsic value, drawn exclusively from Value Sense data for educational analysis.
Featured Stock Analysis
Stock #1: Booking Holdings Inc. (BKNG)
| Metric | Value |
|---|---|
| Market Cap | $161.1B |
| Quality Rating | 7.5 |
| Intrinsic Value | $3,648.7 |
| 1Y Return | 5.0% |
| Revenue | $26.0B |
| Free Cash Flow | $8,315.0M |
| Revenue Growth | 13.0% |
| FCF margin | 31.9% |
| Gross margin | 100.0% |
| ROIC | 131.3% |
| Total Debt to Equity | (370.1%) |
Investment Thesis
Booking Holdings Inc. (BKNG) stands out with a Quality rating of 7.5 and an intrinsic value of $3,648.7, suggesting significant undervaluation relative to its market position in online travel reservations. The company reports $26.0B in revenue, $8,315.0M in free cash flow, and an exceptional ROIC of 131.3%, driven by a 31.9% FCF margin and 100.0% gross margin. Despite a modest 5.0% 1Y return and negative Total Debt to Equity of 370.1%, its 13.0% revenue growth underscores operational efficiency in a competitive sector. This analysis positions BKNG as a leader for investors examining high-quality travel platforms with strong cash generation.
Key financials include a $161.1B market cap, highlighting scale, while the elevated intrinsic value points to long-term potential in global bookings.
Key Catalysts
- Exceptional ROIC at 131.3% signals superior capital efficiency
- 13.0% revenue growth supports expanding market share in online travel
- 31.9% FCF margin enables reinvestment and shareholder returns
- 100.0% gross margin reflects pricing power in reservations
Risk Factors
- Negative Total Debt to Equity at 370.1% indicates high leverage concerns
- Modest 5.0% 1Y return amid sector volatility
Stock #2: Airbnb, Inc. (ABNB)
| Metric | Value |
|---|---|
| Market Cap | $80.8B |
| Quality Rating | 7.3 |
| Intrinsic Value | $58.0 |
| 1Y Return | -1.8% |
| Revenue | $11.9B |
| Free Cash Flow | $4,586.0M |
| Revenue Growth | 10.2% |
| FCF margin | 38.4% |
| Gross margin | 83.0% |
| ROIC | 32.6% |
| Total Debt to Equity | 23.2% |
Investment Thesis
Airbnb, Inc. (ABNB) earns a Quality rating of 7.3, with an intrinsic value of $58.0 indicating undervaluation in the short-term rental space. Key metrics feature $11.9B revenue, $4,586.0M free cash flow, 10.2% revenue growth, and a leading 38.4% FCF margin alongside 83.0% gross margin and 32.6% ROIC. Market cap stands at $80.8B, with a low Total Debt to Equity of 23.2%, though 1Y return is -1.8%. This profile highlights ABNB's platform strength and cash flow durability for educational review of peer-competitive dynamics.
Key Catalysts
- High 38.4% FCF margin demonstrates profitability in rentals
- 32.6% ROIC reflects efficient asset-light model
- 10.2% revenue growth amid travel demand recovery
- Manageable 23.2% Total Debt to Equity supports flexibility
Risk Factors
- Negative 1Y return of -1.8% signals short-term market pressures
Stock #3: Trip.com Group Limited (TCOM)
| Metric | Value |
|---|---|
| Market Cap | $40.1B |
| Quality Rating | 6.1 |
| Intrinsic Value | $70.5 |
| 1Y Return | -16.5% |
| Revenue | CN¥59.8B |
| Free Cash Flow | CN¥0.0 |
| Revenue Growth | 17.5% |
| FCF margin | 0.0% |
| Gross margin | 80.7% |
| ROIC | 13.0% |
| Total Debt to Equity | 18.8% |
Investment Thesis
Trip.com Group Limited (TCOM) has a Quality rating of 6.1 and intrinsic value of $70.5, positioning it as undervalued in Asia-focused travel services. It boasts CN¥59.8B revenue, 17.5% revenue growth, 80.7% gross margin, and 13.0% ROIC, though free cash flow is CN¥0.0 with 0.0% FCF margin. $40.1B market cap and 18.8% Total Debt to Equity accompany a -16.5% 1Y return. Analysis reveals growth potential balanced by cash flow challenges in this international play.
Key Catalysts
- Strong 17.5% revenue growth in high-potential markets
- 80.7% gross margin indicates solid pricing
- 13.0% ROIC for capital returns
- Low 18.8% Total Debt to Equity
Risk Factors
- 0.0% FCF margin and CN¥0.0 free cash flow raise liquidity flags
- -16.5% 1Y return reflects regional headwinds
Stock #4: Expedia Group, Inc. (EXPE)
| Metric | Value |
|---|---|
| Market Cap | $32.9B |
| Quality Rating | 7.5 |
| Intrinsic Value | $240.5 |
| 1Y Return | 54.3% |
| Revenue | $14.4B |
| Free Cash Flow | $3,583.0M |
| Revenue Growth | 7.3% |
| FCF margin | 24.9% |
| Gross margin | 89.9% |
| ROIC | 13.8% |
| Total Debt to Equity | 150.3% |
Investment Thesis
Expedia Group, Inc. (EXPE) scores a top Quality rating of 7.5, with $240.5 intrinsic value signaling undervaluation in online travel agencies. Metrics include $14.4B revenue, $3,583.0M free cash flow, 7.3% revenue growth, 24.9% FCF margin, 89.9% gross margin, and 13.8% ROIC. $32.9B market cap pairs with 150.3% Total Debt to Equity and a strong 54.3% 1Y return, offering a balanced view of momentum and leverage.
Key Catalysts
- Impressive 54.3% 1Y return shows market momentum
- 89.9% gross margin and 24.9% FCF margin
- 13.8% ROIC for efficiency
- 7.3% revenue growth stability
Risk Factors
- Elevated 150.3% Total Debt to Equity
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Stock #5: MakeMyTrip Limited (MMYT)
| Metric | Value |
|---|---|
| Market Cap | $6,058.5M |
| Quality Rating | 7.1 |
| Intrinsic Value | $23.7 |
| 1Y Return | -44.0% |
| Revenue | $1,039.3M |
| Free Cash Flow | $133.4M |
| Revenue Growth | 11.1% |
| FCF margin | 12.8% |
| Gross margin | 64.3% |
| ROIC | 20.6% |
| Total Debt to Equity | (602.5%) |
Investment Thesis
MakeMyTrip Limited (MMYT) holds a 7.1 Quality rating and $23.7 intrinsic value, undervalued in Indian travel bookings. It reports $1,039.3M revenue, $133.4M free cash flow, 11.1% revenue growth, 12.8% FCF margin, 64.3% gross margin, and 20.6% ROIC. $6,058.5M market cap with 602.5% Total Debt to Equity and -44.0% 1Y return highlight emerging market dynamics.
Key Catalysts
- 20.6% ROIC in growth region
- 11.1% revenue growth
- 12.8% FCF margin
- 64.3% gross margin
Risk Factors
- Severe -44.0% 1Y return
- Negative 602.5% Total Debt to Equity
Stock #6: Travel + Leisure Co. (TNL)
| Metric | Value |
|---|---|
| Market Cap | $4,565.9M |
| Quality Rating | 7.3 |
| Intrinsic Value | $175.6 |
| 1Y Return | 26.0% |
| Revenue | $3,434.0M |
| Free Cash Flow | $801.0M |
| Revenue Growth | (10.3%) |
| FCF margin | 23.3% |
| Gross margin | 59.2% |
| ROIC | 10.9% |
| Total Debt to Equity | (432.9%) |
Investment Thesis
Travel + Leisure Co. (TNL) features a 7.3 Quality rating and $175.6 intrinsic value, undervalued in vacation ownership. $3,434.0M revenue, $801.0M free cash flow, 10.3% revenue growth, 23.3% FCF margin, 59.2% gross margin, and 10.9% ROIC align with $4,565.9M market cap, 432.9% Total Debt to Equity, and 26.0% 1Y return.
Key Catalysts
- 26.0% 1Y return
- 23.3% FCF margin
- 10.9% ROIC
- 59.2% gross margin
Risk Factors
- 10.3% revenue growth contraction
- Negative 432.9% Total Debt to Equity
Stock #7: Tripadvisor, Inc. (TRIP)
| Metric | Value |
|---|---|
| Market Cap | $1,525.2M |
| Quality Rating | 6.6 |
| Intrinsic Value | $32.9 |
| 1Y Return | -24.0% |
| Revenue | $1,891.0M |
| Free Cash Flow | $322.0M |
| Revenue Growth | 4.2% |
| FCF margin | 17.0% |
| Gross margin | 66.9% |
| ROIC | 9.3% |
| Total Debt to Equity | 59.7% |
Investment Thesis
Tripadvisor, Inc. (TRIP) has a 6.6 Quality rating and $32.9 intrinsic value for reviews and bookings. $1,891.0M revenue, $322.0M free cash flow, 4.2% revenue growth, 17.0% FCF margin, 66.9% gross margin, and 9.3% ROIC support $1,525.2M market cap, 59.7% Total Debt to Equity, and -24.0% 1Y return.
Key Catalysts
- 17.0% FCF margin
- 66.9% gross margin
- 4.2% revenue growth
- 9.3% ROIC
Risk Factors
- -24.0% 1Y return
- 59.7% Total Debt to Equity
Stock #8: trivago N.V. (TRVG)
| Metric | Value |
|---|---|
| Market Cap | $201.4M |
| Quality Rating | 5.8 |
| Intrinsic Value | $34.4 |
| 1Y Return | 2.1% |
| Revenue | €523.7M |
| Free Cash Flow | €11.3M |
| Revenue Growth | 14.8% |
| FCF margin | 2.2% |
| Gross margin | 97.7% |
| ROIC | (1.2%) |
| Total Debt to Equity | 18.7% |
Investment Thesis
trivago N.V. (TRVG) scores 5.8 Quality rating with $34.4 intrinsic value in metasearch. €523.7M revenue, €11.3M free cash flow, 14.8% revenue growth, 2.2% FCF margin, 97.7% gross margin, but negative 1.2% ROIC. $201.4M market cap, 18.7% Total Debt to Equity, 2.1% 1Y return.
Key Catalysts
- 97.7% gross margin
- 14.8% revenue growth
- Low 18.7% Total Debt to Equity
- 2.1% 1Y return stability
Risk Factors
- Negative 1.2% ROIC
- Low 2.2% FCF margin
Stock #9: Travelzoo (TZOO)
| Metric | Value |
|---|---|
| Market Cap | $66.8M |
| Quality Rating | 6.0 |
| Intrinsic Value | $11.7 |
| 1Y Return | -70.4% |
| Revenue | $89.9M |
| Free Cash Flow | $11.8M |
| Revenue Growth | 6.6% |
| FCF margin | 13.1% |
| Gross margin | 82.3% |
| ROIC | 33.9% |
| Total Debt to Equity | (212.5%) |
Investment Thesis
Travelzoo (TZOO) rates 6.0 Quality rating, $11.7 intrinsic value. $89.9M revenue, $11.8M free cash flow, 6.6% revenue growth, 13.1% FCF margin, 82.3% gross margin, 33.9% ROIC. $66.8M market cap, 212.5% Total Debt to Equity, -70.4% 1Y return.
Key Catalysts
- High 33.9% ROIC
- 82.3% gross margin
- 13.1% FCF margin
- 6.6% revenue growth
Risk Factors
- Sharp -70.4% 1Y return
- Negative 212.5% Total Debt to Equity
Stock #10: Inspirato Incorporated (ISPO)
| Metric | Value |
|---|---|
| Market Cap | $53.7M |
| Quality Rating | 4.8 |
| Intrinsic Value | $64.4 |
| 1Y Return | -11.3% |
| Revenue | $247.7M |
| Free Cash Flow | ($4,257.0K) |
| Revenue Growth | (13.8%) |
| FCF margin | (1.7%) |
| Gross margin | 33.2% |
| ROIC | 4.0% |
| Total Debt to Equity | (116.8%) |
Investment Thesis
Inspirato Incorporated (ISPO) has 4.8 Quality rating, $64.4 intrinsic value in luxury subscriptions. $247.7M revenue, negative $4,257.0K free cash flow, 13.8% revenue growth, 1.7% FCF margin, 33.2% gross margin, 4.0% ROIC. $53.7M market cap, 116.8% Total Debt to Equity, -11.3% 1Y return.
Key Catalysts
- $64.4 intrinsic value upside
- 33.2% gross margin in luxury
- 4.0% ROIC
Risk Factors
- Negative free cash flow and 1.7% FCF margin
- 13.8% revenue growth
- -11.3% 1Y return
- Negative 116.8% Total Debt to Equity
Portfolio Diversification Insights
These 10 online travel stocks offer sector concentration in digital bookings and experiences, with market caps from $53.7M (ISPO) to $161.1B (BKNG) enabling size-based allocation—larger caps like BKNG and ABNB for stability, smaller like TZOO and ISPO for growth. High Quality ratings (avg. ~6.7) cluster around leaders (BKNG, EXPE at 7.5), while international exposure (TCOM, MMYT) diversifies geographically. Balance debt-heavy firms (negative ratios in BKNG, MMYT) with low-debt (ABNB, TCOM). Pair high ROIC (BKNG 131.3%, TZOO 33.9%) with growth plays for reduced correlation in travel cycles.
Market Timing & Entry Strategies
Consider entry during travel demand upticks, such as post-earnings beats or seasonal peaks, monitoring revenue growth above 10% (e.g., TCOM 17.5%). Dollar-cost average into undervalued names like BKNG (intrinsic $3,648.7) on dips below intrinsic thresholds. Track ROIC improvements and FCF positivity; avoid high-debt entries (e.g., MMYT -602.5%) without margin expansion. Use Value Sense screeners for real-time signals on Quality ratings and macroeconomic travel data.
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FAQ Section
How were these stocks selected?
Stocks were chosen using Value Sense criteria: Quality ratings >5.8, strong ROIC, revenue growth, and intrinsic value upside, focusing on online travel undervaluation.
What's the best stock from this list?
BKNG leads with 7.5 Quality rating, 131.3% ROIC, and $3,648.7 intrinsic value, though analysis favors diversification over single picks.
Should I buy all these stocks or diversify?
Diversify across sizes and geographies (e.g., BKNG for scale, MMYT for emerging markets) to mitigate sector risks like debt and cyclicality.
What are the biggest risks with these picks?
Key risks include high debt (e.g., MMYT -602.5%), negative FCF (TCOM, ISPO), and 1Y underperformance (e.g., TZOO -70.4%).
When is the best time to invest in these stocks?
Target periods of revenue acceleration (e.g., >10% growth) or price dips to intrinsic values, using backtested screeners for timing signals.