Why Hotel Stocks Jumped This Week

Shares of hotel stocks had a great week this week as economic and inflation news played into the industry's strengths. High-capital-expense businesses like hotels could be among the few beneficiaries of higher inflation, and investors were bidding up the industry as a result. 

According to data provided by S&P Global Market Intelligence, shares of Park Hotels & Resorts (NYSE: PK) were up 12.1% this week, DiamondRock Hospitality (NYSE: DRH) was up 11.7%, and Hyatt Hotels (NYSE: H) jumped 10.7%. 

Image source: Getty Images.

Continue reading

Source Fool.com