Multinational hotel chain Wyndham Hotels & Resorts Inc. Budget Hotels Vs Luxury HotelsĪccording to a McKinsey report, budget and economy hotels in the United States have outperformed luxury hotels due to longer accommodation options and the fact that they are relatively secure despite travel restrictions.
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On the other hand, contactless communication systems “Grace” and “NevoTouchless,” developed by California-based software developer Nevotek, protect both visitors and hospitality workers as they work together to reduce the amount of time spent in face-to-face encounters, such as hotel check-in and check-out.
Taiwan-based CyberLink developed the world’s leading AI face recognition engine “FaceMe” which hotels use for compliance monitoring. Among the most efficient tech innovations that are helping the industry are the use of QR codes for contactless check-ins, in-app booking of appointments, digital payment transactions, and mobile key rooms. Technology will play a great role in reviving the hotel and hospitality industry during the digitalization era. Group travel is anticipated to continue in the third quarter of 2021, with demand for the fourth quarter expected to be 23% lower than in the fourth quarter of 2019. During the second phase of recovery, business travel is projected to accelerate slightly in the second quarter of 2021 as companies begin to book hotels for important meetings, small-scale events and workshops. The initial recovery of the industry started in May 2020, noting an increase in hotel occupancy during weekends. On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.According to the outlook of AHLA, the recovery of business and leisure travel has three phases. The fund also has a relatively high net expense ratio of 0.99%. It also has exposure to the communications, financials and consumer discretionary sectors. That being said, the fund is not a pure-play hotel ETF. As of this writing, the stock has a market cap of $4.73 million. At the end of 2021, the company had 31 stocks in its holdings. The actively managed ETF gives investors exposure to the global hotel and lodging industry. AdvisorShares Hotel ETF (NYSEARCA: BEDZ) debuted in April 2021. And the last of the best hotel stocks on this list is one of the newer ETFs. Travel exchange-traded funds (ETFs) take away some of the risk that comes with owning individual stocks. Plus, after institutions sold more CHH stock than they bought in the fourth quarter, that changed dramatically in the first quarter.īest Hotel Stocks: InterContinental Hotel Group (IHG)
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The company also generated a record amount of free cash flow in 2021. Projections for future growth and earnings are above pre-pandemic levels. Choice Hotels is also benefiting from the growth in extended-stay revenue due to the blending of business and leisure travel.Īs of this writing, Choice Hotels has a P/E ratio of 20 times, which is slightly above the sector average, but not incredibly overvalued. In the last couple of quarters, when prior-year comparisons have been more difficult, both revenue and earnings have beaten pre-pandemic levels. While some might see that as a “jack of all trades” positioning, it appears to be working. The hotel chain features several brands that target various income levels. If Marriott represents the luxury end of the market, Choice Hotels International (NYSE: CHH) falls into the “something for everybody” category.
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