Despite high inflation, demand for travel has been surprisingly strong over the last year, and long-term prospects also look favorable. The travel and tourism industry is projected to grow at a mid-single-digit rate to reach $1 trillion by 2027, according to Statista, which is consistent with the historical growth of the industry. 

Two travel stocks have room to run over the next few years and beyond. Airbnb (NASDAQ: ABNB) has grown much faster than the travel industry over its history. With the stock trading at a reasonable multiple of trailing earnings, it looks like a no-brainer long-term investment.

Another stock that should be high on your radar is Carnival (NYSE: CCL). Cruise demand has also been very resilient, but the stock hasn't kept up with the company's actual growth and trades at a bargain valuation.

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Source Fool.com