What happened Shares of travel stocks recovered some of the losses they've endured over the last few weeks. Marriott International Inc, Hyatt Hotels Corporation, Carnival Corp, Royal Caribbean Cruises Ltd, and Expedia Group Inc all jumped double-digits on Friday. Here's a look at their highs today and where they closed compared to Thursday. Company Max Daily Increase Close Marriott International Inc (NASDAQ: MAR) 25.7% 11.7% Hyatt Hotels Corporation (NYSE: H) 25.5% 17.5% Carnival Corp (NYSE: CCL) 38.1% 20% Royal Caribbean Cruises Ltd (NYSE: RCL) 25.1% 6% Expedia Group Inc (NASDAQ: EXPE) 17.5% 0.8% Source: Google Finance. So what There were a few pieces of data that came out today that were either encouraging or panic-inducing, depending on how you look at them. One was a report from analytics firm STR showing that hotel revenue fell 5.5% globally in February versus a year ago. This was in the early stages of the COVID-19 outbreak, but included an 85.9% drop in revenue per available room in Hong Kong and an 82.2% drop in mainland China. Image source: Getty Images. Carnival also pre-announced adjusted earnings per share of $0.22 versus a $0.49 per share profit a year ago. The company pulled guidance for the rest of 2020 but shockingly was still profitable in the first fiscal quarter of the year. Marriott CEO Arne Sorenson also released a video that touted the resurgence of demand in greater China as it recovers from the COVID-19 pandemic. He acknowledged that there will be a huge downturn in much of the world, but there might be a light at the end of the tunnel, if China is any indication. This may seem like a small signal, but if Sorenson is seeing brighter days ahead, the travel industry might too. Now what The bottom line is we don't know where the travel industry will end the COVID-19 pandemic. Some companies may need bailouts, others will go through bankruptcy, and some will thrive on their own. What I think investors can take from today is that the industry is seeing that there could be some hope ahead, especially now that most of the U.S. and Europe have shut down to control the spread of the virus. It's tough to call the bottom of any market and there's no doubt rough days are ahead for the operations of travel companies. But if you're bullish on the industry's long-term prospects, it might be time to start jumping back into travel stocks. 10 stocks we like better than CarnivalWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Carnival wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends Carnival, Hyatt Hotels, and Marriott International. The Motley Fool has a disclosure policy.Source