Is Hyatt Stock a Buy?
The hotel industry was among the hardest hit by the coronavirus pandemic, but you probably already know that as you think about the vacations and weekend getaways you've had to cancel or put off in the past year. People are itching to start traveling again, but the pandemic has not subsided and has even surged in recent months. However, there is hope that the pandemic will be brought under control this year, with several new vaccines now approved for distribution. This development, along with an improving economy, should help hoteliers like Hyatt Hotels (NYSE: H) begin their journey to full recovery.
Hyatt underperformed its competitors in 2020, with the stock price down 17% on the year. But at its current low valuation, it could be an attractive buy in advance of the travel industry's recovery. Letʻs take a closer look at what factors might make Hyatt stock a buy going forward.
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Source Fool.com
