Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.» Read More
The great American road trip is back, and that could be good news for Choice Hotels International, which franchises value hotel chains like Comfort Inn. We talked to CEO Steve Joyce, who says he sees signs of stabilization in his niche of the travel industry.
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. Founded in 1939 by 7 independent motel owners in southern Florida, this company became the nation’s first hotel chain. The operator of affordable hotels now owns big value names like Comfort Inn and Econo Lodge and the company's investors will be sleeping soundly tonight after the stock rose on higher than expected fourth quarter earnings. Who is it?
U.S. hotels and airlines are bracing for softer demand as the economy shows signs of slowing, but the pain may not hit the travel industry for months.