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

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.
Comments (1)
  • positivethoughts
    , contributor
    Comments (2008) | Send Message
     
    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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