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Hotel rates for business travelers rose 9.3% Y/Y in April to approach pre-recession levels in...

  • Monday, June 4, 2012, 9:41 AM ET
    Hotel rates for business travelers rose 9.3% Y/Y in April to approach pre-recession levels in North America, while rates for leisure travelers also recorded a respectable 7.3% gain. Industry research suggests that the rate increases haven't run their course yet, tipping off that hotel players such as MAR, WYN, H, IHG, CHH, and HOT could see revenue upside.
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    P/E of 66 for Marriott is rich. I wait until Y/Y increases reach 200% before I buy in, thank you.
    4 Jun 2012, 09:43 AM Reply Like
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