Posted 3/15/2024, 1:52:57 PM
Hotel Stocks Rally on Return of Business Travel and Pricing Power
- Hotel REIT stocks have surged recently, outperforming the broader market and real estate sector
- The rally has been driven by the return of business travel and optimistic outlook for future bookings
- Hotel properties can quickly capture inflation benefits by repricing rooms daily
- Group and corporate travel is accelerating, while strong leisure demand is expected to continue
- Analysts remain cautious on the sector despite the gains, concerned by economic uncertainty