Should You Buy These Travel Stocks?
Certainly, lodging companies had a rough 2020. Governments imposed restrictions throughout the year that forced them to close their doors and limit the number of guests when they were permitted to open.
But there is hope that the worst is behind the industry as new COVID-19 infections have declined since the start of the year and people receive vaccinations. No one really knows how much travel will rebound, but it seems likely companies will continue with remote meetings, at least to some extent, as a way to save time and money.
The market seems to have an optimistic take on Hilton Worldwide Holdings (NYSE: HLT), Marriott International (NASDAQ: MAR), and Wyndham Hotels & Resorts (NYSE: WH) with share price gains of 61%, 59%, and 80%, respectively. Most of the appreciation has come within the last few months as governments have approved and begun distributing vaccines. These three stocks beat the S&P 500, which had a 45% increase.
Source Fool.com
