The hotel industry has been struck particularly severely by the global COVID-19 outbreak. Revenue and visitor levels are likely to return to 2019 levels in 2023 or later. According to McKinsey, restoring revenues and visitors to 2015 levels could take up to ten years. The hotel industry remains a profitable venture, particularly as travel restrictions are increasingly being relaxed. The hospitality business attracts a lot of smart money, and companies like MGM Resorts International and Marriott International are among the most popular hedge funds.
Insider Monkey dives into the 11 best hotel stocks to invest in. Pebblebrook Hotel Trust is an internally managed hotel investment business that purchases and invests in hotels throughout the United States. The company is known for investing in resorts near cities and unique destination markets. Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (REIT) that owns 18 hotels. The company’s revenue was $117.21 million, which was $12.29 million higher than expected. With 1.77 million shares worth $21.98 million, Ken Heebner’s Capital Growth Management is the largest shareholder. Ryman Hospitality Properties, Inc. is a company that specializes in the acquisition and management of upmarket conference facilities and resorts. Under the Gaylord Hotels brand, the REIT owns five of the largest non-gaming convention center assets in the United States. The mega-corporation in the luxury hospitality business is traded as a Russell 1000 Component. Hyatt Hotels Corporation is a company that owns and operates luxury hotels, resorts, and vacation properties. During the second quarter, 23 of the 873 hedge funds monitored by Insider Monkey reported having stakes in Hyatt. Host Hotels & Resorts, Inc. is a hotel management company that owns and operates luxury and upper-upscale properties. A self-managed and self-administered REIT, the corporation is self-managed and self-administered. For more details, click 11 Best Hotel Stocks To Invest In.
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