JRNY is composed of 79 holdings as of March 31, with its top holdings currently including LVMH Moet Hennessy Louis Vuitton SE (MC), Booking Holdings Inc. (BKNG), Estee Lauder Companies Inc (EL), Walt Disney Company (DIS), and Airbnb Inc (ABNB), according to ETF Database. Despite recession fears ushering in concerns about consumer spending, U.S. airlines have largely been bullish about 2023 travel demand. “The consumer has been quite resilient and willing to spend for travel and leisure despite persistently high inflation,” Todd Rosenbluth, head of research at VettaFi, said.