Although hotel stocks underperformed the broader economy in June for the fourth straight month, the market cap of the world’s largest hotel chains still recovered significantly this year. According to data presented by Stock Apps, the combined market capitalization of Wyndham Hotels and Resorts, Choice Hotels International, Marriott International, Intercontinental Hotels Group, and Hilton Worldwide …
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Jastra Kranjec
March 16, 2021
The ongoing pandemic continues causing huge disruptions to the global hotel industry. Although hotels implemented increased safety and sanitation measures and adapted to a post-COVID world, recovery to pre-pandemic levels could take years. According to data presented by Stock Apps, the revenues of the global hotel industry are expected to grow by 43.4% year-over-year and …
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